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(PFL) Ch. 2 Review

Total questions: 19

Worksheet time: 10mins

Name
Class
Date
1.

The typical rate for overtime is

a)

1.5 times the regular hourly rate

b)

2 times the regular hourly rate

c)

the same as the regular hourly rate

d)

the same as gross pay

2.

Overtime is NOT included when calculating gross pay.

a)

True

b)

False

3.

Which of the following deductions are required by law?

a)

retirement

b)

union dues

c)

taxes

d)

savings

4.

Both employees and employers benefit from alternative work schedules such as job sharing, flextime, telecommuting, etc.

a)

True

b)

False

5.

A standard workweek is 40 hours.

a)

True

b)

False

6.

rate x hours worked = _____

a)

net pay

b)

gross pay

c)

take-home pay

d)

overtime pay

7.

Salaried workers can calculate their gross pay per paycheck by dividing their annual salary by # of paychecks per year.

a)

True

b)

False

8.

In most cases, the amount of take-home pay an employee receives is less than gross pay.

a)

True

b)

False

9.

Employers must contribute matching amounts into each employee's ____ and ____ accounts.

a)

federal income tax, state income tax

b)

social security, medicare

10.

Net pay is also known as

a)

gross pay.

b)

take-home pay.

c)

overtime.

d)

(none of these)

11.

A bonus is a type of incentive pay based on quality of work done or years of service on the job.

a)

True

b)

False

12.

An employee is considered _____ when he/she is entitled to the full retirement account if they leave the company.

a)

flextime

b)

deducted

c)

vested

d)

none of the above

13.

Jon is a salesperson who works from the road using technology such as the internet and cloud-computing. This is an example of which work model?

a)

flextime

b)

telecommuting

c)

permanent part-time

d)

compressed work week

14.

Employees who work flextime can choose their arrival/departure times AND do not have to work a set amount of hours per day.

a)

True

b)

False

15.

Eve works in an office that uses the flextime work model. The core time period is 8 a.m. -2 p.m. . Eve wants to schedule her workday 5 a.m. to 1 p.m. so that she has her afternoon free. Is this permissible?

a)

yes, because she will be there for the start of the core time period

b)

no, because she will not be there at the end of the core time period

16.

A work model that allows employees to fit a 40-hour work week into less than 5 days is known as

a)

flextime

b)

telecommuting

c)

permanent part-time

d)

compressed work week

17.

Forms of employee compensation that are in addition to your pay (for example: sick days, paid vacation, etc.) are called _____.

a)

benefits

b)

deductions

c)

allowances

d)

none of the above

18.

The process of negotiating a work contract for union members is called _____.

a)

seniority

b)

bargaining

c)

mediation

d)

none of the above

19.

What is the main function of a union?

a)

to provide support services for members

b)

collective bargaining

c)

recruit new members

d)

support political candidates that benefit members