WorksheetsEarning Money
Total questions: 20
Worksheet time: 12mins
Your income comes from working in exchange for payment or services.
True
False
How many shifts do employers generally staff for?
1
2
3
4
If you are a salaried employee your income changes based on the number of hours you work weekly.
True
False
The formula to calculate gross wages is
hours worked + hourly salary
hours worked * salary
hours worked * hourly rate
hourly rate / hourly rate
Part-time employees can receive benefits
True
False
Direct depositing your paycheck means
your paycheck is the stub
your paycheck has to be picked up from your employer
you have to sign and cash your paycheck
your paycheck is automatically sent to your bank account
Contractors and freelancers pay taxes
True
False
Your pay changes when you have worked 40 hours. What is the rate of pay called after those 40 hours have been worked?
Holiday pay
Double time
Overtime
Adjusted pay
What is the overtime rate of pay?
2.5 * hourly rate of pay
1.5 + hourly rate of pay
1.0 * salary rate of pay
1.5 * hourly rate of pay
What form will your employer have you fill out so they know how much federal taxes should be taken out of your paycheck?
W-2
W-4
I-4
I-9
When your endorse a document what are you doing?
providing your employer name
giving your date of birth
providing your name
providing your signature
Medical insurance, retirement savings, and paid vacation are examples of what?
employer packages
benefits
orientation
your job
What is your gross wages if your hourly rate is $10 per hour and your worked 40 hours for a 2-week pay period?
$600
$400
$80
$800
What is the overtime rate for someone whose hourly rate is $25 per hour?
$25.25
$25.00
$50.00
$37.50
What is the correct term for the amount of your ppay you receive after deductions?
net pay
what you have left
sub total pay
Less pay
Your salary is a fixed amount of regular pay for work.
True
False
If you work an overnight shift you can be paid an additional amount per hour which is called..
adjusted pay
overtime
bonus pay
shift differential
What is the standard social security percentage that you pay from the gross of your paycheck?
5.2%
6.2%
1.45%
6.0%
What is the standard medicare percentage that is withheld from your paycheck?
1.45%
1.5%
6.2%
1.5%
Employers use timesheets, punch cards or online systems to track employee hours worked.
True
False
