wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Finance Chapter 6

Total questions: 22

Worksheet time: 2hrs 50mins

Name
Class
Date
1.

The total amount you earn before any deductions are subtracted

a)

Gross pay

b)

Net pay

c)

Take home pay

2.

Amounts subtracted from your gross pay

a)

Deductions

b)

Net pay

c)

Incentive pay

d)

Overtime

3.

The amount left after all deductions are taken out of your gross pay

a)

Net pay

b)

Gross pay

c)

Incentive pay

4.

Time worked beyond the regular hours (over 40 hours)

a)

Overtime

b)

Time and a half

c)

Deductions

d)

Job sharing

5.

The total Social Security and Medicare tax, including employer-matching contributions, paid by people who work for themselves

a)

Income tax

b)

Self-employment tax

c)

Labor union

d)

Collective bargaining

6.

Money offered to encourage employees to strive for higher levels of performance

a)

Incentive pay

b)

Gross pay

c)

Net pay

7.

Entitled to full retirement account

a)

Vested

b)

Lobbying

c)

Seniority

8.

A work schedule that allows employees to choose their working hours within defined limits

a)

Flextime

b)

Compressed workweek

c)

Job sharing

d)

Job rotation

9.

A work schedule that fits the normal 40-hour workweek into less than five days

a)

Flextime

b)

Compressed workweek

c)

Job sharing

d)

Job rotation

10.

A job design in which employees are trained to do more than one specialized task

a)

Flextime

b)

Compressed workweek

c)

Job sharing

d)

Job rotation

11.

A job design in which two people share one full-time position

a)

Flextime

b)

Compressed workweek

c)

Job sharing

d)

Job rotation

12.

A group of people who work in the same or similar occupations, organized for the benefit of all employees in these occupations

a)

Collective bargainers

b)

Labor union

c)

Lobbyist

13.

The process of negotiating a work contract for union members

a)

Collective bargaining

b)

Labor union

c)

Lobbying

14.

The length of time on the job

a)

Seniority

b)

Vested

c)

Lobbying

d)

Incentives

15.

An attempt to influence public officials to pass laws and make decisions that benefit the profession

a)

Collective bargaining

b)

Labor unioning

c)

Lobbying

16.

If the regular rate of pay is $5 an hour, the overtime rate (time and a half) is $10 an hour.

a)

True

b)

False

17.

Some types of deductions may be withheld from your paycheck without your written consent.

a)

True

b)

False

18.

Employee services are offered by companies to improve morale and working conditions.

a)

True

b)

False

19.

Lobbying is a legal activity engaged in by many unions and professional organizations.

a)

True

b)

False

20.

Which of the following is not considered a required deduction

a)

Federal income tax

b)

Savings deposits

c)

State tax

d)

Social security tax

21.

Teachers and police officers would belong to a(n) _____ union.

a)

Craft

b)

Industrial

c)

Public-employee

d)

Arbitration

22.

The MAJOR function of labor unions is

a)

Collecting dues

b)

Conducting strikes

c)

Collective bargaining

d)

Having meetings