WorksheetsMoney Management - Chapter 5
Total questions: 25
Worksheet time: 9mins
This was created to help retired workers save for their future.
Federal Income Tax
State Income Tax
Social Security
Medicare
I believe Social Security will be around when I am ready to retire.
Yes
No
Social Security was created in
1965
2005
1935
1850
Who pays Social Security Tax?
the employer
the employee
both the employer and employee
the federal government
A _____ is filled out to determine federal withholding allowances.
W-2
W-4
V-8
1040
Approximately ______% of your pay is taken out for Social Security and Medicare taxes.
20
7.5
10
2.5
Workers under 18 and still in school must have a work permit.
True
False
A work permit can be obtained by your
employer
parents
police department
high school office
A 15-year-old can only work until ______ on school nights.
7 p.m.
9 p.m.
10 p.m.
11 p.m.
An 18-year-old still in school can work until _______ on a school night.
7 p.m.
9 p.m.
10 p.m.
11 p.m.
Do you think there should be restrictions on hours worked for minors in high school?
Yes
No
What is the maximum number of hours a minor can work without a break?
3 hours
4 hours
5 hours
6 hours
Ohio's current minimum wage is
$8.75
$9.30
$10.00
$15.00
_______ helps retired workers by providing health-care benefits.
Social Security
The Fair Labor Act
Medicare
Unemployment Insurance
Who is responsible for paying unemployment insurance?
the employee
the employer
both the employer and employee
health insurance providers
If you become unemployed, you may receive up to about _____ of your average weekly wage.
25%
50%
70%
90%
Overtime is required to be paid after _____ hours of work in a week.
25
32
40
50
Overtime is paid at 2x the normal pay rate.
True
False
If a worker takes a temporary leave using the Family and Medical Leave Act, the employer must pay the employee his/her full wages.
True
False
______ may take up to 12 weeks off for the birth of a child.
Mothers
Mothers and Fathers
Sisters and Brothers
No workers are allowed that much time off
Men and women receive the same pay for the same work due to the
Civil Rights Act
Discrimination Act
Equal Pay Act
FICA Act
It is OK for an employer to ask a potential employee if he/she can lift 50 lbs. if it pertains to the job.
True
False
It is OK to ask a potential employee their religion to plan for giving them religious holidays off work.
True
False
I can list three responsibilities that an employee has to his/her employer.
Yes I can
No I can't. Better review those
I can list three responsibilities an employer has to an employee.
Definitely can
I better review those
