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WorksheetsUnit 1 Review - PFL
Total questions: 20
Worksheet time: 10mins
Money you receive after taxes is called:
gross income
net pay
salary
pay day
Amounts of money subtracted from an employee's total pay.
Deductions
Exemption
Form W-2
Form W-4
A form that tells the employer how much tax to withhold from an employee's paycheck.
Deductions
Exemption
Form W-2
Form W-4
A form that states the amount the employee was paid in the previous year.
Deductions
Exemption
Form W-2
Form W-4
Take-home pay.
Deductions
Exemption
Net Pay
Gross Pay
What does FAFSA represent?
Gives projections for jobs in the future
Free Application for Federal Student Aid
a form used to get accepted into a Trade School
Free and functional student assistance
True or False: You have to pay back scholarship and grant money.
True
False
How many hours must employees work in a week before overtime kicks in?
35
41
40
50
What form do workers complete so an employer can verify that they are eligible for employment?
W-2
W-4
I-9
401 k
A master's degree program
is study beyond a bachelor's degree
is completed after obtaining a doctorate degree
is completed after obtaining an associates degree
is complete after getting your high school diploma
Which of the following are benefits often received by full-time workers?
health insurance
vacation pay
sick leave pay
all are benefits
Which of the following should you NOT include on a resume?
Past Education
Volunteer experience
Special skills
Inappropriate email address
Which of the following is NOT a required deduction from gross pay?
Federal Income Tax
Health Insurance
State Income Tax
Local Tax
A charge for instruction at a school.
Grants
Scholarship
Loan
Tuition
A loan on which interest is not charged until 6 months after the student graduates.
Subsidized loan
Tuition
Unsubsidized loan
Scholarship
The ability to perform technical tasks or complete technical procedures.
Hard skills
Soft skills
Nontechnical skills such as leadership or the ability to communicate clearly
Hard skills
Soft skills
True or False: Federal law requires all employers to send employees W-2 statements no later than January 31 of the following year.
True
False
True or False: Compensation package is the sum of the pay and benefits received from a job.
True
False
