Employment Quiz 2

What is profit?

• A one-time bonus payment

• Revenue minus expenses

• A percentage of sales made

• A government tax

Which of the following is paid to shareholders from company profits?

• Commission

• Profits

• Dividends

• Allowances

What does the acronym NES stand for in Australian employment law?

• National Education Scheme

• National Employment Standards

• New Employee Structure

• National Earnings Scale

What is the primary role of a trade union?

• To help employers avoid paying tax

• To advertise job openings to the public

• To manage a company's finances

• To represent and protect the rights and interests of workers

What do employees provide to employers?

• Labour (time, skills and effort)

• Income

• Qualifications

• Profit

Celia is a part-time employee who works Monday-Wednesday. Is she entitled to pay for the upcoming public holiday on Friday?

• Yes, they receive double pay

• No, they are not entitled to payment

• Yes, but only half pay

• Yes, if they request it in writing

A negotiated agreement about pay and conditions between an employer and a group of employees or union is known as what type of employment contract?

• Fixed term contract

• Modern award

• Enterprise agreement

• Common law contract

How much is Goods and Services Tax (GST)?

• 10%

• 11%

• 15%

• 20%

Which of the following would you not pay GST?

• Takeaway pizza

• Cotton T-Shirt

• Eggs

• TV

What type of tax is deducted from an employee’s pay before they receive it?

• GST

• PAYG (Pay As You Go) income tax

• Stamp duty

• Company tax