
Employee Compensation Components
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Raquel Barrera
FREE Resource
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Derek is paid $550 per week, but only brings home $375 due to deductions. Which of the following is Derek's net earnings?
$925
$550
$375
$175
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The electronic transfer of wages into an employee's account refers to which of the following?
Electronic funds wiring
Direct deposit
Payroll debit
Automatic teller
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a pension plan?
A form of retirement plan in which employers contribute money to a plan which provides employees a monthly income during retirements
A type of disability insurance which provides employees a partial salary if they become unable to work due to illness
A monetary safety net for a beneficiary upon the death of an employee
A wage replacement program for employees who suffer from job-related injuries
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is meant to motivate an employee to exceed organizational expectations?
Paid leave
Health insurance
Flexible spending account
Incentives
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What is the difference in a Flexible Spending Account (FSA) and a Health Savings Account (HSA)?
HSAs belongs to the employee while FSAs belongs to the employer
HSAs are taxed while FSAs are not
HSAs are only offered by large corporations while FSAs are offered to employees of small businesses
HSAs do not allow employers to contribute to the account while an FSAs does
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the overtime pay rate?
Time-and-a-half
Double pay
Triple pay
Bonus pay
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often are paycheck stubs provided?
Every pay period
Every other pay period
Quarterly
Once at the end of the year
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