GCM EPF Unit 5-8 Vocab Review Questions

GCM EPF Unit 5-8 Vocab Review Questions

80 Qs

quiz-placeholder

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GCM EPF Unit 5-8 Vocab Review Questions

GCM EPF Unit 5-8 Vocab Review Questions

Assessment

Quiz

others

Medium

Created by

Shane Kellogg

Used 8+ times

FREE Resource

80 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes the money remaining from an employee's paycheck after all deductions have been taken out?

Gross income
Net pay
Base salary
Commission

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT typically considered a source of income?

Wages from employment
Credit card debt
Investment dividends
Rental property income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What document determines the amount of federal income tax withheld from your paycheck?

W-2 form
1099 form
W-4 form
I-9 form

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of education typically results in the highest lifetime earnings potential?

High school diploma
Associate's degree
Technical certification
Graduate degree

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for additional compensation beyond base salary that employers offer?

Benefits
Allowances
Incentives
Bonuses

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is considered a mandatory payroll deduction?

Health insurance premiums
401(k) contributions
Social Security tax
Charitable donations

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes payment based on a percentage of sales made?

Bonus
Commission
Salary
Wage

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