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WorksheetsPay, Benefits, and Working Conditions (FL1)
Total questions: 35
Worksheet time: 18mins
The total amount you earn before any deductions
gross pay
overtime pay
net pay
salary pay
A type of leave that requires advance notice/permission from the employer and does not provide pay
sick leave
vacation leave
a leave of absence
a holiday
Overtime is calculated by multiplying the regular rate of pay by what?
1.25
1.5
1.75
2
Which payroll deduction would be mandatory?
dental insurance
retirement plan
charitable donation
Federal tax
A work schedule that allows employees to work 40 hours in fewer than 5 days
flextime
job sharing
telecommuting
compressed workweek
Who contributes to Social Security taxes?
Only the employer
Only the employee
Both the employer and the employee
Neither the employer or the employee
Which is NOT a common paid holiday?
Halloween
Christmas
Thanksgiving
Fourth of July
If an employee has become vested, this means
they have worked for at least 5 years.
they are contributing to a 401(k) retirement account.
they have worked for a specified number of years and have earned a right to their pension.
they have earned stock options.
Which payroll deduction would be voluntary?
Federal tax
state tax
Medicare tax
retirement plan
A work schedule that allows employees to choose working hours within defined limits
flextime
job sharing
telecommuting
compressed workweek
Self-employed people must pay which tax?
Federal tax
Medicare tax
Social Security tax
Federal, Medicare, and Social Security taxes
The process of negotiating a work contract for union members
labor union
mediation
collective bargaining
seniority
A standard work week has how many hours?
36
38
40
42
Gross pay minus deductions
taxable pay
overtime pay
net pay
annual pay
Self-employed people must make estimated tax payments how often?
weekly
monthly
quarterly
yearly
If a salaried employee is paid every month, how many paychecks will they receive in one year?
26
24
20
12
If a salaried employee is paid every two weeks, how many paychecks will they receive in one year?
28
26
24
12
In a flexible scheduling arrangement, an important time of the day when all employees must be working
compressed workweek
core time period
lunchtime
10:00 am
If an employee's regular hourly wage is $20.00 per hour, what is their overtime rate?
$20.00
$25.00
$30.00
$40.00
Time worked beyond regular hours each week
extra time
overtime
flextime
incentive time
Net pay can also be called
gross pay
standard pay
take-home pay
overtime pay
A retirement plan that is completely funded by the employer
employer-sponsored savings plan
pension plan
Social Security
benefit plan
An organization that provides member services and training to people in occupations that require specialized skill and training
labor union
guild
professional organization
employee club
A group of people who work in the same occupation, organized to get the best benefits for all employees
labor union
professional organization
guild
employee club
Forms of employee compensation in addition to pay
gifts
services
benefits
taxes
Teachers would most likely belong to which type of union?
craft
industrial
public-employee
How much is the self-employment tax?
1.45%
6.2%
12.4%
15.3%
Job rotation is a job design where employees
split a full-time position into two part-time positions.
choose working hours within defined limits.
are trained to do many tasks and rotate through different positions.
work from home by computer.
Burnout, absenteeism, and turnover are reasons why employers are
offering fewer benefits.
offering flexible work arrangements.
requiring employees to work overtime.
hiring fewer employees.
Employers are required to offer benefits to employees.
True
False
Which is NOT a function of labor unions?
recruiting new members
collective bargaining
setting licensing requirements
support political candidates
Which type of insurance is usually offered to employees as a benefit of employment?
car insurance
homeowners' insurance
flood insurance
health insurance
What is the policy that states that the last workers hired will be the first fired?
seniority
collective bargaining
mediation
lobbying
Employers are legally required to pay overtime to salaried employees who work over 40 hours in one week.
True
False
Extras that companies offer to improve employee morale and working conditions
insurance
employee services
profit sharing
travel expenses
