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Chapter 2 Quiz

Total questions: 11

Worksheet time: 8mins

Name
Class
Date
1.

What was minimum wage set at back in 1938?

a)

.25 cents

b)

1.00

c)

1.50

d)

3.00

2.

Which of these is NOT a type of EARNED INCOME?

a)

Wage

b)

Rental Income

c)

Salary

d)

Commission

3.

What is the minimum wage in Nebraska today?

a)

7.25

b)

8.00

c)

8.01

d)

10.50

4.

Which of these is a type of UNEARNED INCOME?

a)

Interest

b)

Rental Income

c)

Food Stamps

d)

All of these

5.

Direct taxes are...

a)

paid to companies

b)

paid to banks

c)

paid straight to the government

d)

none of these

6.

A deduction is money withheld from your paycheck.

a)

True

b)

False

7.

Which form do you get once a year and you use for tax filing?

a)

W4

b)

V2

c)

W2

d)

B4

8.

What day are taxes due every year?

a)

August 12th

b)

April 15th

c)

May 22nd

d)

January 1st

9.

Which is the total salary or wages?

a)

Gross Pay

b)

Net Pay

10.

Which of these is NOT a benefit of taxes

a)

Police

b)

National Parks

c)

Fortnite

d)

Public Education

11.

Who let the dogs out?

4 lines