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salary and wage

Total questions: 175

Worksheet time: 5hrs 41mins

Name
Class
Date
1.
If you are part of a team where a team member makes frequent negative comments, you should
a)
disagree with the negative comments
b)
try to exclude the team member from conversation
c)
provide good suggestions to encourage the team member
2.
A wage is a set payment amount
a)
True
b)
False
3.
A child care worker get paid a wages based on the hours they work
a)
True
b)
False
4.
A Salary is a _____________________
a)
hourly pay amount
b)
fixed regular payment
c)
paid bi weekly or monthly.
5.
A cashier makes a salary
a)
True
b)
False
6.
An example of salaried jobs is a ______________
a)
principal & cashier
b)
childcare worker and maid
c)
Principal and teacher
7.
Salaried employee does not get over time because they have a set amount of pay
a)
True
b)
False
8.
How can you improve your attitude?
a)
think positively
b)
recognize your thoughts begin with you
c)
avoid negative thoughts
d)
all of these choices
9.
A wage pay job qualifies you for overtime
a)
True
b)
False
10.
A fixed paid amount considered to be ___________ pay.
a)
wage
b)
benefits
c)
salray
11.
An accountant receives a yearly salary of $72,000.  Find his monthly salary.
a)
$6000.00
b)
$864,000.00
c)
$600.00
12.
How many times a year do you receive a paycheck if you are paid biweekly?
a)
52
b)
26
c)
24
d)
12
13.
A Salary is a _____________________
a)
hourly pay amount
b)
fixed regular payment
c)
paid bi weekly or monthly.
14.

An employee who is paid monthly is paid _______ times a year.

a)

12

b)

24

c)

6

15.
What is an annual salary?
a)
What you are paid each month
b)
What you earn over the course of a year.
16.

Julie earns a yearly salary of $60,000. How much does she make monthly?

a)

$300,000

b)

$3,500

c)

$5,000

17.

You earn $550 weekly. How much do you make per year?

a)

$23,500

b)

$28,600

c)

$29,200

18.

Bob earns $3,300 monthly. How much does he make in a year?

a)

$275

b)

$39,600

c)

$36,000

19.

How many times do you get paid in a year if you get paid weekly?

a)

12

b)

52

c)

26

20.

If you get paid monthly, how many times will you be paid in a year?

a)

26

b)

52

c)

12

21.

You got a new job and will earn $2750 per month. What is your yearly salary?

a)

$16,500

b)

$229

c)

$33,000

22.

You are making $780 per week. How much will you earn in a year?

a)

$45,060

b)

$20,280

c)

$40,560

23.

If you are paid $1,500 bi-weekly how much will you earn in a year?

a)

$50,000

b)

$78,000

c)

$39,000

24.

Karolyn Yoder is paid a salary of $4,600 a month. What are her total annual earnings?

a)

$5,520

b)

$55,200

c)

$53,700

25.
A teaching assistant receives a yearly salary of  $26,000.  Find his weekly   salary.
a)
$500
b)
$2166.67
26.

Arturo makes an annual salary of $58,000 . What would he make in 1 week?

a)

$2,345

b)

$1,115

c)

$2,230

27.

Jon is making $4,600 a month racing! How much does he make in 1 year?

a)

$55,200

b)

$55,000

c)

$4,600

28.

Jorge makes $3,000 a month, how much does he make a year?

a)

$36,000

b)

$33,000

c)

$29,000

29.

Harley makes $1,500 a week, how much does he make a year?

a)

$35,000

b)

$66,000

c)

$72,000

30.

James makes $300,000 a year how much does he make a month?

a)

$15,000

b)

$25,000

c)

$10,000

31.

Jose makes $300 a week, how much does he make a year?

a)

$30,000

b)

$15,600

c)

$12,000

32.

If I earn $3,120 per month, how much do I earn in a year?

a)

$31,200

b)

$34,320

c)

$37,440

33.

A ________________ is a fixed amount of money paid each pay period regardless of the amount of hours worked.

a)

Hourly rate

b)

Salary

c)

Weekly wage

34.

Wage or Salary?


More likely to be calculated on an annual basis.

a)

Wage

b)

Salary

35.

Wage or Salary?


More likely to be eligible for overtime.

a)

Wage

b)

Salary

36.

Wage or Salary?


More likely to allow more flexibility with work hours.

a)

Wage

b)

Salary

37.

Wage or Salary?


Total pay is found by multiplying by hours.

a)

Wage

b)

Salary

38.

The amount of gross pay earned when wage is multiplied by hours is the definition of ________________.

a)

Straight-time pay

b)

Net pay

c)

Overtime Pay

d)

Total pay

39.

You make $14.10 an hour. What is the following calculation an example of?


$14.10 x 2 x 7 hours = $197.40

a)

Double-time Pay

b)

Straight-time Pay

c)

Gross Pay

d)

Salary Pay

40.

For a wage job,

straight-time pay + overtime pay

is the formula for _______________.

a)

Gross/Total pay

b)

Double-time pay

c)

Net pay

d)

Salary pay

41.

Joan makes $10.50 per hour. How much does he make during a 35-hour work week?

a)

$367.50

b)

$420.00

c)

It depends on his salary.

d)

$350.50

42.

Joan makes $10.50 per hour for the first 40 hours worked in a week. He make time-and-a-half for all hours over 40. How much does he make during a 55-hour work week?

a)

$656.25

b)

$577.50

c)

$420.00

d)

We don't know because we cannot calculate overtime.

43.

The wage range for a job is $8.70 per hour for a worker with no experience up to $12.40 an hour for a very experienced worker. Relatively, how much more does a worker earning the top wage make than one earning the lowest wage?

a)

42.5%

b)

29.8%

c)

142.5%

d)

129.8%

44.
a)

$466,361

b)

$476,001

c)

We cannot answer because we do not know the weights of each month.

d)

$1,399,082

45.

a)

25.0%

b)

20.0%

c)

32.6%

d)

41.1%

46.

a)

$724.80

b)

$483.20

c)

$619.10

d)

$634.20

47.

An employee who is paid monthly is paid _______ times a year.

a)

12

b)

24

c)

6

48.

Paw Paw earns $550 weekly singing. How much does he make per year?

a)

$23,500

b)

$28,600

c)

$29,200

49.

Joshua sells jewelry. He make a total of 12% of commission off of his sales. How much commission does Joshua make when he sells $22,540 worth of jewelry.

a)

$304.80

b)

$450.80

c)

$2,704.80

50.

Russell makes $200,000 a year, how much does he make a week?

a)

$3,846

b)

$5,000

c)

$2,000

d)

$16,666

51.

How many times a year do you receive a paycheck if you are paid biweekly?

a)

52

b)

26

c)

24

52.

Matthew, an accountant, receives a yearly salary of $72,000. Find his monthly salary.

a)

$6000.00

b)

$864,000.00

c)

$600.00

53.

An employee who is paid monthly is paid _______ times a year.

a)

12

b)

24

c)

6

54.
the amount of money earned in one month
a)
weekly salary
b)
percent
c)
comission
d)
monthly salary
55.

You got a new job and will earn $2750 per month. What is your yearly salary?

a)

$16,500

b)

$229

c)

$33,000

56.

You are making $780 per week. How much will you earn in a year?

a)

$45,060

b)

$20,280

c)

$40,560

57.

You are making $780 per week. How much will you earn in a year?

a)

$45,060

b)

$20,280

c)

$40,560

58.

A ________________ is a fixed amount of money paid each pay period regardless of the amount of hours worked.

a)

Hourly rate

b)

Salary

c)

Weekly wage

59.

Compute the sales commission for Kylie:

Sales amount: $48,000.00

Commission rate: 3%

a)

$1400.00

b)

$1440.00

c)

$1500.00

60.

Compute the sales commission for Hunter:

Sales amount: $500.00

Commission rate: 5%

a)

$45.00

b)

$50.00

c)

$25.00

61.

Faith sells $30,000 worth of furniture. Her rate of commission is 2.7%. What is her commission on that sale?

a)

$810.00

b)

$8,100.00

c)

$1,800.00

62.

You should research the _________________ of a career to learn about its long-term growth stability.

a)

average salary

b)

workplace culture

c)

job outlook

63.

You can estimate the kind of salary you should expect to earn by determining ____________________ .

a)

your market value

b)

your financial needs

c)

the average salary in your field

64.

_________________ skills are focused around broader concepts, such as communication, leadership, or time management.

a)

Transferable

b)

Technical

c)

Mechanical

65.

You should take some time to calculate the total value of a salary by including your _________________ .

a)

Take-home pay

b)

hourly wage

c)

benefits

66.

S.M.A.R.T. goals are:

a)

Strategic, Memorable, Attainable, Realistic, Team-oriented

b)

Sound, Measureable, Action-oriented, Realistic, Timely

c)

Specific, Measurable, Attainable, Relevant, Timely

67.

Before you begin a new career path, you should _________________ .

a)

assess your personality and interests

b)

research different schools to attend

c)

quit your current job to focus on your job search

68.

You can gain real-world experience in a new industry by _________________________ .

a)

conducting research

b)

volunteering

c)

using e-learning

69.

Figuring out what kind of salary you need to support yourself is part of assessing your ____________________ .

a)

skills and interests

b)

financial needs

c)

personality

70.

Researching the _____________________ of a career will help you learn about potential workplace safety issues.

a)

types of positions available

b)

typical working conditions

c)

job outlook

71.

_________________ include health, dental, and vision insurance, vacation time, and retirement.

a)

Benefits

b)

Transferable skills

c)

Market value

72.

__________________ is how much money you will be paid per hour?

a)

Gross pay

b)

Net pay

c)

Hourly pay

73.

__________________ the amount of money you'll earn before income taxes is taken out.

a)

Gross pay

b)

Net pay

c)

Hourly pay

74.

________________ is a list of all your monthly expenses that must be paid.

a)

Grocery List

b)

Budget

c)

Inventory

75.
A card that borrows money but it has to be paid back
a)
Debit Card 
b)
Credit Card 
c)
Baseball Card 
d)
Pokemon Card 
76.
A card that uses money directly from your bank account
a)
Debit Card 
b)
Credit Card 
c)
Pokemon Card 
d)
Baseball Card 
77.
An agreement between a borrower and a lender, where the borrower agrees to repay money with interest over time.
a)
Loan 
b)
Interest 
c)
Income 
d)
Deposit  
78.
A mortgage is used for ...
a)
Buying a new machine
b)
Buying a new vehicle
c)
Buying land or premises
d)
Paying staff wages
79.
money that you make from your job
a)
interest
b)
occupation
c)
wage
d)
income
80.
hourly rate that you get paid
a)
wage
b)
income
c)
salary
d)
register
81.
yearly amount that you get paid
a)
interest
b)
wage
c)
salary
d)
saving
82.
If you borrow money from a bank, you have to...
a)
pay the amount you borrow back
b)
pay interest back
c)
have a time limit to use it
d)
all options are correct.
83.

Complete record of your borrowing and repayment performance.

a)

Personal info

b)

Personal history

c)

Credit history

d)

Credit info

84.

Every hour

a)

Minimum Wage

b)

Salary

c)

Hourly

d)

Interview

85.

The competence or skill expected of a professional.

a)

Professionalism

b)

Interview

c)

Cover Letter

d)

Internship

86.

A fixed regular payment.

a)

Interview

b)

Externship

c)

Economy

d)

Salary

87.

A occupation undertaken for a significant period of time in a person's life.

a)

Internship

b)

Career

c)

Externship

d)

Resume

88.

A document sent with your resume to provide additional information on your skills and experience.

a)

Resume

b)

Minimum Wage

c)

Cover Letter

d)

Economy

89.

A conversation where questions are asked and answers given.

a)

Externship

b)

Intership

c)

Interview

d)

Application

90.

The official form that employers ask all applicants for a position to fill out.

a)

Resume

b)

Interview

c)

Form

d)

Application

91.

The lowest hourly income permitted by law or by a special agreement.

a)

Economy

b)

Hourly

c)

Minimum Wage

d)

Salary

92.

A one or two page formal document used as a means of showing a list of an applicant's work experience, education, and skills.

a)

Application

b)

Resume

c)

Essay

d)

Worksheet

93.

Pays medical and disability benefits to employees injured on the job

a)

unearned income

b)

earned income

c)

workers compensation

d)

Medicare

94.

Wages, salary and tips

a)

unearned income

b)

earned income

c)

disposable income

95.

withheld from an employee’s wages or salary

a)

disposable income

b)

payroll taxes

c)

workers compensation

d)

earned income

96.

fixed rate of pay for week, month, or year

a)

wages

b)

commission

c)

tips

d)

salary

97.

pay based on number of hours worked

a)

salary

b)

wages

c)

earned income

d)

unearned income

98.

What are the four most common taxes that come out of a person’s payroll check?

a)

Federal Income Tax

b)

State Income Tax

c)

City/Local Income Tax

d)

Medicare Tax

e)

Social Security

99.

In most circumstances, which of the following persons can be claimed as a dependent on a Form W-4? Mark all that apply.

a)

yourself

b)

your spouse

c)

your parents

d)

your children

e)

your pets

100.

In most circumstances, which of the following persons can be claimed as a dependent on a Form W-4? Mark all that apply.

a)

yourself

b)

your spouse

c)

your parents

d)

your children

e)

your pets

101.

By what date must employers provide, or place in the mail, a wage earner's W-2 statement?

a)

January 1

b)

January 31

c)

April 1

d)

April 15

102.

Which form is used to report an employees earnings and taxes paid in a year?

a)

W-2

b)

W-4

c)

I-9

d)

1040

103.

Social security is the tax that pays for medical insurance for older adults.

a)

True

b)

False

104.

Federal law requires employers to pay a minimum wage.

a)

True

b)

False

105.

Tax deductions are calculated as a percentage of net pay.

a)

True

b)

False

106.

Employees who are paid semi-monthly receive 26 paychecks per year.

a)

True

b)

False

107.

Employees who are paid biweekly are paid twice a week.

a)

True

b)

False

108.

What is the deadline for filing personal income tax?

a)

January 31

b)

April 15

c)

May 31

d)

June 15

109.
Single, Married Filing Joint, and Head of the Household are all examples of___ on a tax return.
a)
filing status
b)
standard deductions
c)
itemized deductions
d)
dependents
110.

"Every two weeks" means

a)

biweekly

b)

monthly

c)

semi-monthly

d)

weekly

111.

What does "once per week" mean?

a)

biweekly

b)

weekly

c)

semi-monthly

d)

monthly

112.

What does "twelve times a year" mean?

a)

weekly

b)

monthly

c)

semi-monthly

d)

annually

113.

How many times per year does "biweekly mean"?

a)

52

b)

24

c)

26

d)

12

114.

A fixed annual sum of money divided among equal pay periods.

a)

Commission

b)

Wage

c)

Salary

d)

Overtime

e)

Total Earnings

115.

The total amount earned by all employees for a pay period.

a)

Salary

b)

Wage

c)

Commission

d)

Payroll

e)

Earnings

116.

The number of days or weeks of work covered by an employee's paycheck.

a)

Once a Month

b)

Every Other Week

c)

Every Two Weeks

d)

Once a Week

e)

Pay Period

117.
An accountant receives a yearly salary of $72,000.  Find his monthly salary.
a)
$6000.00
b)
$864,000.00
c)
$600.00
118.

An employee who is paid monthly is paid _______ times a year.

a)

12

b)

24

c)

6

119.
What is an annual salary?
a)
What you are paid each month
b)
What you earn over the course of a year.
120.

Julie earns a yearly salary of $60,000. How much does she make monthly?

a)

$300,000

b)

$3,500

c)

$5,000

121.

You earn $550 weekly. How much do you make per year?

a)

$23,500

b)

$28,600

c)

$29,200

122.

Bob earns $3,300 monthly. How much does he make in a year?

a)

$275

b)

$39,600

c)

$36,000

123.

How many times do you get paid in a year if you get paid weekly?

a)

12

b)

52

c)

26

124.

If you get paid monthly, how many times will you be paid in a year?

a)

26

b)

52

c)

12

125.

You got a new job and will earn $2750 per month. What is your yearly salary?

a)

$16,500

b)

$229

c)

$33,000

126.
A teaching assistant receives a yearly salary of  $26,000.  Find his weekly   salary.
a)
$500
b)
$2166.67
127.
A teaching assistant receives a yearly salary of  $26,000.  Find his weekly   salary.
a)
$500
b)
$2166.67
128.

If you are paid $1,500 bi-weekly how much will you earn in a year?

a)

$50,000

b)

$78,000

c)

$39,000

129.

Jorge makes $3,000 a month, how much does he make a year?

a)

$36,000

b)

$33,000

c)

$29,000

130.

A ________________ is a fixed amount of money paid each pay period regardless of the amount of hours worked.

a)

Hourly rate

b)

Salary

c)

Weekly wage

131.
What is gross pay?
a)
Amount of earnings before deductions.
b)
Wet money.
c)
What you get after taxes
132.
Deductions are...
a)
Monthly salary
b)
Person who depends on another for support
c)
Money taken away from the gross pay; health insurance, taxes, social security
133.
What is net pay?
a)
You pay before deductions.
b)
They give you a net for fishing.
c)
You pay after deductions.
134.
What is net pay?
a)
You pay before deductions.
b)
They give you a net for fishing.
c)
You pay after deductions.
135.
A gardener earns $15 per hour.  If he works 20 hours, how much will he earn?
a)
$300
b)
$5
c)
$240
136.
the total amount of income you earn in a pay period before any deductions are taken out
a)
gross pay
b)
net pay
c)
wages
d)
salary
137.

Gail earns $18.50 per hour and worked 40 hours and 10 hours overtime. If overtime is paid for at time and a half what is her weekly pay?

a)

$277.50

b)

$740.00

c)

$1,017.50

138.

A ______ is usually paid on a biweekly or monthly basis for professional employment.

a)

salary

b)

stipend

c)

wage

d)

benefit

139.

Which of the following is the best reason to use cash for purchases?

a)

getting more from the ATM is easy to do

b)

keeping track of how much you have spent is simple

c)

splitting bills with friends is easier

d)

losing it won't be a big deal

140.

What factor has the biggest impact on a credit score?

a)

having a variety of credit

b)

the amount of money you owe on your credit cards

c)

your history of making payments on time

d)

the number of years that you have used credit responsibly

141.

What is the best strategy to avoid paying interest on your credit cards?

a)

pay the minimum balance each month

b)

pay the full balance each month

c)

have credit cards from two different banks

d)

make payments online

142.

Which of the following is not a source of income?

a)

your annual salary for doing your job

b)

your monthly student loan payment

c)

the stipend you receive for doing an internship

d)

the wages you receive for a work shift

143.

Ashley wants to make a purchase using the money in her checking account. What method of payment should she use to access these funds immediately and directly?

a)

credit card

b)

debit card

c)

direct deposit

d)

prepaid card

144.

___ is controlling the use of time

a)

time control

b)

time travel

c)

time management

145.

___ is a time at which a task needs to be completed

a)

due date

b)

timeline

c)

deadline

146.

Required payments to a government.

a)

Gross Pay

b)

Income

c)

Taxes

d)

Net Pay

147.

A portion of one’s personal income paid to a government including the federal and state.

a)

Income

b)

Gross Pay

c)

Net Pay

d)

Income tax

148.

A tax on income to fund the social security benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died.

a)

FICA - Medicare

b)

FICA - Social Security

c)

Federal Income Tax

d)

State Income Tax

149.

A tax on income to fund the social security benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died.

a)

FICA - Medicare

b)

FICA - Social Security

c)

Federal Income Tax

d)

State Income Tax

150.

A tax used to fund the government's Medicare program, which provides subsidized healthcare and hospital insurance benefits to retirees and the disabled.

a)

State Income Tax

b)

FICA - Social Security

c)

Federal Income Tax

d)

FICA - Medicare

151.

Is the total amount you earn before any deductions are subtracted.

a)

Net Pay

b)

Gross Pay

c)

Income

d)

Taxes

152.

A fixed annual amount of gross pay

a)

Gross Pay

b)

Wage

c)

Net Pay

d)

Salary

153.
Amounts subtracted from your gross pay
a)
Deductions
b)
Income
c)
Taxes
d)
Gross Pay
154.

Unearned income is reported on your tax form and taxes must be paid on them.

a)

True

b)

False

155.

Overtime is calculated at 1.5 times an employee's regular rate of pay.

a)

True

b)

False

156.

Employees who are paid biweekly are paid twice a week.

a)

True

b)

False

157.

Employees who are paid semi-monthly receive 26 paychecks per year.

a)

True

b)

False

158.

Tax deductions are calculated as a percentage of net pay.

a)

True

b)

False

159.

Federal law requires employers to pay a minimum wage.

a)

True

b)

False

160.

Social security is the tax that pays for medical insurance for older adults.

a)

True

b)

False

161.

Which form is used to report an employees earnings and taxes paid in a year?

a)

W-2

b)

W-4

c)

I-9

d)

1040

162.

By what date must employers provide, or place in the mail, a wage earner's W-2 statement?

a)

January 1

b)

January 31

c)

April 1

d)

April 15

163.

What is the deadline for filing personal income tax?

a)

Federal Government

b)

IRS

c)

Social Security Division

d)

Congress

164.

Food stamps, rent subsidies, and vouchers for goods and services are examples of

a)

in-cash transfer payment

b)

earned income

c)

employee benefits

d)

in-kind transfer payment

165.

In most circumstances, which of the following persons can be claimed as a dependent on a Form W-4? Mark all that apply.

a)

yourself

b)

your spouse

c)

your parents

d)

your children

e)

your pets

166.

What are the four most common taxes that come out of a person’s payroll check?

a)

Federal Income Tax

b)

State Income Tax

c)

City/Local Income Tax

d)

Medicare Tax

e)

Social Security

167.

money or benefits received from the government

a)

Transfer payment

b)

Tax refund

168.

amount returned by the government for overpaid taxes

a)

Transfer payment

b)

Tax refund

169.

pay based on number of hours worked

a)

salary

b)

wages

c)

earned income

d)

unearned income

170.

fixed rate of pay for week, month, or year

a)

wages

b)

commission

c)

tips

d)

salary

171.

withheld from an employee’s wages or salary

a)

disposable income

b)

payroll taxes

c)

workers compensation

d)

earned income

172.

Wages, salary and tips

a)

unearned income

b)

earned income

c)

disposable income

173.

Pays medical and disability benefits to employees injured on the job

a)

unearned income

b)

earned income

c)

workers compensation

d)

Medicare

174.

Income that has not been worked for such as interest, dividends, or gambling winnings

a)

disposable income

b)

unearned income

c)

earned income

d)

workers compensation

175.

Pays medical and disability benefits to employees injured on the job

a)

unearned income

b)

earned income

c)

workers compensation

d)

Medicare