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PF 3.07 Getting Paid

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

Outline deductions

a)

Salary

b)

Pay Stub

c)

Paycheck

d)

Payroll

2.

Identifies taxes to be withheld from pay

a)

W-15

b)

W-4

c)

Tax Form

d)

Liability Tax Form

3.

Income before deductions

a)

Gross Income

b)

Net Income

c)

Take Home Pay

d)

Deductions

4.

Physical paper in the amount of money earned

a)

Commission

b)

Direct Deposit

c)

Paper Paycheck

d)

Pay Stub

5.
Wages are deposited directly into a depository institution account
a)
Paper Paycheck
b)
Direct Deposit
c)
Self Pay
d)
Salary
6.

Schedule which employer pays

a)

W-4

b)

Pay Date

c)

Pay Stub

d)

Pay Period

7.

Fixed amount of money paid to an employee in return for work performed

a)

Tax Liability

b)

Salary

c)

Paycheck

d)

Pay Period

8.

Federal government program that funds retirement accounts and disabled individuals

a)

Medicare

b)

Social Security

c)

Tax Liability

d)

Gross Income

9.

Federal government program that supports health care for individuals over 65

a)

Social Security

b)

Salary

c)

Medicare

d)

Income Insurance

10.

Pays monetary benefits to workers who become injured or disabled on the job

a)

Commission

b)

Employee Benefits

c)

Net Income

d)

Workers Compensation

11.

Source of income for workers who have lost their job through no fault of their own

a)

Unemployment Insurance

b)

Workers Compensation

c)

Tax Liability

d)

Commission

12.
A fee that a salesperson receives upon completion of a sale
a)
Workers Compensation
b)
Paycheck
c)
Comission
d)
 Net Income