Employment Sources and Roles Quiz

What are the two primary sources of employment?

• Government and Non-profit organizations

• Private sector and Public sector

• Hired by a business or an employer and Self-employed

• Part-time and Full-time

What is the difference between an employee and an employer?

• An employee works for a business, while an employer owns the business

• An employee hires people, while an employer works for the company

• An employee and an employer have the same role in a company

• An employer is a type of employee

What is a salary?

• A specific rate for every hour worked

• A set amount of money not dependent on the specific number of hours worked

• The minimum wage required by federal and state laws

• A payment received only after working more than 40 hours a week

What is an example of an hourly wage?

• $30,000/year

• $16.00/hour

• A set amount of money

• A salary

What does minimum wage refer to?

• The maximum amount of money one can earn

• A set salary regardless of hours worked

• The specific rate for every hour worked

• The lowest legal salary that can be paid to workers, as determined by federal and state laws

What methods do employers use to pay employees?

• Paper paycheck

• Direct deposit

• Payroll card

• Bank transfer

What is one way to access funds with a paper paycheck?

• Wages deposited directly to depository institution account

• Online transfer

• Access funds by cashing or depositing a check

• Mobile payment apps

How are wages accessed with direct deposit?

• By receiving a physical check

• Wages deposited directly to depository institution account

• Through cash payments

• Using a prepaid debit card

How many pay periods are there in a year if you are paid weekly?

• A) 52

• B) 26

• C) 24

• D) 12

How many pay periods are there in a year if you are paid bi-weekly?

• A) 52

• B) 26

• C) 24

• D) 12