Worksheets(PFL) Ch. 2 Review
Total questions: 19
Worksheet time: 10mins
The typical rate for overtime is
1.5 times the regular hourly rate
2 times the regular hourly rate
the same as the regular hourly rate
the same as gross pay
Overtime is NOT included when calculating gross pay.
True
False
Which of the following deductions are required by law?
retirement
union dues
taxes
savings
Both employees and employers benefit from alternative work schedules such as job sharing, flextime, telecommuting, etc.
True
False
A standard workweek is 40 hours.
True
False
rate x hours worked = _____
net pay
gross pay
take-home pay
overtime pay
Salaried workers can calculate their gross pay per paycheck by dividing their annual salary by # of paychecks per year.
True
False
In most cases, the amount of take-home pay an employee receives is less than gross pay.
True
False
Employers must contribute matching amounts into each employee's ____ and ____ accounts.
federal income tax, state income tax
social security, medicare
Net pay is also known as
gross pay.
take-home pay.
overtime.
(none of these)
A bonus is a type of incentive pay based on quality of work done or years of service on the job.
True
False
An employee is considered _____ when he/she is entitled to the full retirement account if they leave the company.
flextime
deducted
vested
none of the above
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?
flextime
telecommuting
permanent part-time
compressed work week
Employees who work flextime can choose their arrival/departure times AND do not have to work a set amount of hours per day.
True
False
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?
yes, because she will be there for the start of the core time period
no, because she will not be there at the end of the core time period
A work model that allows employees to fit a 40-hour work week into less than 5 days is known as
flextime
telecommuting
permanent part-time
compressed work week
Forms of employee compensation that are in addition to your pay (for example: sick days, paid vacation, etc.) are called _____.
benefits
deductions
allowances
none of the above
The process of negotiating a work contract for union members is called _____.
seniority
bargaining
mediation
none of the above
What is the main function of a union?
to provide support services for members
collective bargaining
recruit new members
support political candidates that benefit members
