Paycheck Quiz

What is the definition of a paycheck?

• The total amount of money earned in a pay period

• The net amount a person has made during the pay period

• The balance of an employee's net pay added to a card

• The written record of withheld deductions

What is a paycheck stub?

• The total amount of money earned in a pay period

• The net amount a person has made during the pay period

• The written record of withheld deductions

• The balance of an employee's net pay added to a card

What is a payroll card?

• The written record of withheld deductions

• The balance of an employee's net pay added to a card

• The total amount of money earned in a pay period

• The net amount a person has made during the pay period

What information is included in personal information?

• The balance of an employee's net pay added to a card

• The written record of withheld deductions

• The total amount of money earned in a pay period

• Full name, address, social security number

What is the definition of gross pay?

• The written record of withheld deductions

• The balance of an employee's net pay added to a card

• The net amount a person has made during the pay period

• The total amount of money earned in a pay period

What is the definition of net pay?

• The total amount of money earned in a pay period after deductions are taken out

• The total amount a person has made during the pay period

• The balance of an employee's net pay added to a card

• The written record of withheld deductions

What is FICA?

• The written record of withheld deductions

• Part of Social Security and Medicare

• The balance of an employee's net pay added to a card

• The total amount of money earned in a pay period

What is the role of the Internal Revenue Service (IRS)?

• The total amount of money earned in a pay period

• In charge of collecting federal taxes, issuing regulations, and enforcing tax laws

• The balance of an employee's net pay added to a card

• The written record of withheld deductions

What is the purpose of the W-4 form?

• The written record of withheld deductions

• Required for employment for tax purposes

• The total amount of money earned in a pay period

• The balance of an employee's net pay added to a card