wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

PF Unit 3 Assessment

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

The ________ form is received from your employer in January of each year and it shows how much you earned and the taxes withheld from your paychecks.

a)

W-4

b)

1040

c)

1099

d)

W-2

2.

Your _________ pay reflects the amount of money you earned in a pay period.

a)

net

b)

take home

c)

gross

d)

taxes

3.

What is the deadline to file personal income taxes in the United States?

a)

January 31

b)

March 1

c)

June 15

d)

April 15

4.

What is the federal tax from you complete to report your income to the government. It also shows you if you have a refund or if you owe money.

a)

1099

b)

W-2

c)

1050

d)

1040

5.

Minimum wage in Syracuse in November 2020 is $______.

a)

11.75

b)

11.80

c)

12.00

d)

12.25

6.

You are paid _______________ if you get a paycheck every other week.

a)

biweekly

b)

semimonthly

c)

weekly

d)

monthly

7.

An amount paid by employers to recognize exceptional work performance is called a _____.

a)

tip

b)

bonus

c)

commission

d)

salary

8.

If you work more than 40 hours in a week, what type of pay are you likely to receive?

a)

straight

b)

bonus

c)

overtime

d)

deferred

9.

Which of these is a "college trap" you should avoid?

a)

graduating on time

b)

taking college classes in high school

c)

declaring a major

d)

changing your major often

10.

(Mark all that apply) Which of these are benefits of working beside your pay?

a)

insurance

b)

tuition assistance

c)

discounts

d)

vacation time

e)

raises

11.

Which of these are an advantage of an internship? (choose 2)

a)

gain experience

b)

waste time

c)

make bank

d)

network in your field

12.

If you fail to pay your student loans, you are in ______.

a)

deferrment

b)

default

c)

defamed

d)

denial

13.

The official term for the amount of money you bring home in your paycheck is _____ pay.

a)

gross

b)

net

c)

take away

d)

overtime

14.

What documents do you need to be looking at to complete your taxes? Mark all that apply.

a)

1040

b)

W-2

c)

W-4

d)

Tax table

15.

Which of these is NOT a standard mandated deduction from paychecks of all workers in the United States.

a)

federal income tax

b)

social security/FICA

c)

retirement payments

d)

state income taxes