WorksheetsPaycheck Pretest
Total questions: 15
Worksheet time: 9mins
The actual amount of money you "take home" is
Gross Pay
Never Enough
Net Pay
Payroll Income
Federal Government programs and services are supported through?
Retirement Savings
Payroll Deductions
Federal Income Tax
State Income Tax
_________ are part of an employee's compensation
Insurance
Retirement Savings
Taxes
Benefits
Your net income is the money/amount deposited in your bank account.
TRUE
FALSE
___________ Goes into a federal program that provides financial support for people who are retired.
Benefits
Insurance
Social Security Tax
All of The Above
A document showing an employee's wages & deductions is an?
Earnings Statement
Paycheck
Payroll Deduction
None of the above
I don't have to pay taxes because I'm not 18 years old yet.
TRUE
FALSE
State government services are paid for by
Federal Income Tax
State Income Tax
Both Federal & State Income Tax
Retirement Savings
I signed up for direct deposit, so I won't get a physical check with my pay stub
TRUE
FALSE
Most employers offer to pay a portion of a premium for this benefit option?
Retirement Savings
State Income Tax
Insurance
All of the Above
Employees have deductions taken out of their paychecks. Identify which are considered required by the government.
State Income Tax
Federal Income Tax
Dental Insurance
Social Security
Employees have deductions taken out of their paychecks. Identify which are considered "elective" - not required by the government.
Life Insurance
Social Security
Dental Insurance
401 (K) or 403 (B)
What is your GROSS pay if you make $10 per hour & worked 20 hours this week?
$100
$200
Unable to calculate based on information provided.
If your GROSS paycheck is $500. What would the amount deposited in your bank account be if you had the following deductions? $150 Taxes, $25 Social Security, $5 for dental insurance and $50 for insurance.
$350
$325
$250
None of the above.
Employers are required to pay all employees overtime.
TRUE
FALSE
