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Paycheck

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Your paycheck paystub lists your pay and deductions for:


a)

the current pay period

b)

year to date period

c)

both answers

2.

Gross pay refers to:

a)

the amount you receive after your employer takes out withholdings and deductions

b)

the amount you receive before your employer takes out withholdings and deductions

c)

old and disgusting currency

3.

Whether you receive your pay by check, direct deposit or payroll card, it is listed on the paystub as:

a)

net pay distribution

b)

federal withholding

c)

pay rate

4.

Tax information stated on your paycheck includes:

a)

your marital status (whether you’re married or single)

b)

the number of withholding allowances (personal exemptions)

c)

both answers are correct

5.

Some form of your Social Security number is listed on each pay stub.

a)

true

b)

false

6.

An example of a voluntary deduction is:

a)

federal income tax

b)

state income tax

c)

Social Security tax

d)

401k contribution

7.

An example of a mandatory withholding is:

a)

federal income tax

b)

state income tax

c)

Social Security tax

d)

all are mandatory

8.

Your withholdings for taxes are determined by:

a)

W-2

b)

W-4

c)

I9

d)

1099

9.

State income taxes are withheld:

a)

in all 50 states

b)

in most states

c)

in a few states

d)

no state has an income tax

10.

Funds for 401(k) retirement savings plans are taken from pre-tax wages.

a)

true

b)

false

11.

Employers with more than 50 employees must offer their employees __________ insurance.

a)

life

b)

disability

c)

dental

d)

health

12.

For which of the following are you traditionally not paid?

a)

sick day

b)

leave of absence

c)

bereavement

d)

all of the above

13.

New Jersey's current minimum wage is _____ an hour.

a)

$10

b)

$11

c)

$12

d)

$13

14.

Workers whose income is made up of mostly tips receive a minimum of _____ an hour in New Jersey,

a)

$13

b)

$5.13

c)

$2.13

d)

$15

15.

Which of the following is a possible incentive that employers may offer to their employees?

a)

On site child care

b)

tuition reimbursement

c)

recreational programs

d)

all of the above

16.

Time worked beyond regular work hours which in most states is 40 hours in a five-day period.

a)

straight time

b)

overtime

c)

salary

d)

wages

17.

A plan that allows employees to share a portion of the company's income.

a)

incentive pay

b)

merit pay

c)

gross pay

d)

profit sharing

18.

Which of the following would be considered an employment perk?

a)

bringing your dog to work

b)

health insurance

c)

sick time

d)

tuition reimbursement

19.

Which celebrity/business owner announced yesterday that all of the employees of her theme parks who want to go to college will have it paid for by her company?

a)

Kim Kardashian

b)

Dolly Parton

c)

Kylie Jenner

d)

MacKenzie Scott

20.

What percentage of American companies offer a pension to their employees?

a)

50%

b)

25%

c)

10%

d)

4%