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Worksheets

Salaries and Benefits

Total questions: 19

Worksheet time: 17mins

Name
Class
Date
1.

A job benefit is something a company offers its employees besides a salary.

a)

True

b)

False

2.

A sales commission is always the same, month after month.

a)

True

b)

False

3.

Some companies pay for employees' health insurance.

a)

True

b)

False

4.

It's always better to take the job with the highest salary.

a)

True

b)

False

5.

A salary is money an employer pays you for your ________.

a)

benefits

b)

work

c)

insurance

d)

lunch

6.

A pension is _________.

a)

income to use when you retire

b)

a place for criminals

c)

a small commission

d)

a sandwich

7.

An hourly wage is _________.

a)

always $13

b)

always $8

c)

a certain rate of pay for each hour worked

d)

equal to health insurance

8.

A commission is __________.

a)

a percentage paid for sales or services

b)

an old church

c)

the same thing as a pension

d)

income used when you retire

9.

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

10.

An amount paid to your state government for state-funded programs and services.

a)

State taxes

b)

Federal taxes

c)

Local taxes

d)

City taxes

11.

A retirement saving plan which allows employees to save and/or invest in preparation for retirement

a)

Social Security

b)

405(K)

c)

Medicaid

d)

401(K)

12.

Pay based on the amount of money an employee earns per hour

a)

Wages

b)

Salary

c)

Gross pay

d)

Net pay

13.

Any income generated by working is called

a)

earned income

b)

Social Security

c)

Medicare

d)

Medicaid

14.

You work part-time for $9.50 an hour. You work for 15 hours this week, how much is your gross pay?

a)

$ 24.50

b)

$ 142.50

c)

$ 155.00

15.

Your gross pay is $525.50. Your net pay is $446.75. How much money was deducted from your pay check?

a)

$ 972.25

b)

$ 70.00

c)

$ 78.75

16.

You get paid biweekly. You work 8.5 hours the first week and 15.5 hours the second week. What is the total amount of hours you will be paid for?

a)

24 hours

b)

7 hours

c)

131.75 hours

17.

You make $ 10.75 an hour. You worked 13 hours the first week and 17 hours the second week. How much money did you make in the two weeks?

a)

$ 40,75

b)

$ 322.50

c)

$ 221.00

18.

You deposited your paycheck of $450.00 into your checking account. You paid the following bills with your debit card. How much money is left in your checking account?

$75.00 cell phone

$50.00 transportation

$125.00 food

$25.00 movies

a)

$150.00

b)

$200.00

c)

$175.00

19.
The study of banking and money in this unit is called
a)
Banking Literacy
b)
Money Literacy
c)
Math literacy
d)
Financial Literacy