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WorksheetsGetting Paid
Total questions: 36
Worksheet time: 50mins
Physical paper in the amount of money earned
Commission
Direct Deposit
Paper Paycheck
Pay Stub
Schedule which employer pays
W-4
Pay Date
Pay Stub
Pay Period
Fixed amount of money paid to an employee in return for work performed
Tax Liability
Salary
Paycheck
Pay Period
Federal government program that funds retirement accounts and disabled individuals
Medicare
Social Security
Tax Liability
Gross Income
Federal government program that supports health care for individuals over 65
Social Security
Salary
Medicare
Income Insurance
Pays monetary benefits to workers who become injured or disabled on the job
Commission
Employee Benefits
Net Income
Workers Compensation
Source of income for workers who have lost their job through no fault of their own
Unemployment Insurance
Workers Compensation
Tax Liability
Commission
Max has applied for a new job and thinks it would be a good fit based on the job description he read online. Which of the following questions should he ask during the interview and consider if he is offered the job? (check all that apply)
What are the job responsibilities?
Where is the job located?
What is the schedule?
Are there benefits offered?
Did I get the job?
Alexis found job postings online in two different cities. Before applying for either, she used a cost of living calculator to determine the equivalent salaries in both locations. Why is this an important step in an employment search?
Cost of Living affects spending power
Cost of Living determines how many shoes she will be able to purchase
It is not uncommon for prospective employers to check social media sites before offering a job to an applicant.
True
False
Employees who continually update their skills and knowledge are generally regarded as more employable to employers.
True
False
A person’s personal life is separate from, and therefore cannot impact, a person’s professional life and employment.
True
False
In the last pay period, Joe worked 80 hours earning $12 per hour. What is Joe's Gross Pay
$980.00
$754.56
$960.00
$566.74
How do you determine Gross Pay?
Number of Hours Worked x Hourly wages
Hourly Wages x Net Pay
Number of Hours Worked x Number of Days worked
Number of Hours Worked ÷ Hourly Wages
Edwin has a $60,000 annual salary and is paid monthly. What is Edwin’s monthly gross pay?
$5000.00
$6000.00
$5600.00
$6500.00
his ______ is $320.
500.50 GROSS INCOME
25.27 DEDUCTIONS
Sarah learned in her Financial Education class that she needs to consider the Cost of Living when comparing job offers. Which statement most accurately describes a Cost of Living consideration?
How much she will spend in moving expenses to re‐locate to the city where her new job is.
The average cost of basic necessities, such as housing and food in the city where her new job is.
The total value of the benefits package she will be offered in her new job.
The total amount of her college costs compared to the salary she is being offered in her new job.
The average cost of basic necessities, such as housing and food for a particular city is call the:
Standard of Living
Lifestyle
Cost of Living
Economy of Living
Steven is considering taking a job with a company that is offering gym memberships, flexible hours, repayment of education loans, merchandise discounts, and childcare. These components of the job offer are called:
employee benefits
job persk
work incentives
competitive hiring practices
Rob’s parents asked him what employee benefits his employer was providing. Which would be considered
employee benefits?
monthly salary
location within walking distance of his apartment
paid sick leave
travel opportunities
Insurance is an example of
Wages
Employee Benefits
Cost of Living
Location
How far will you have to travel from your home to the job refers to job...
Wages
Employee Benefits
Cost of Living
Location
Retirement plans are examples of...
Wages
Employee Benefits
Cost of Living
Location
