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Worksheets

PAYROLL QUIZ

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

Salary

a)

Total amount earned by all employees for a payroll period.

b)

Number of days of weeks of work covered by an employee's paycheck.

c)

Amount paid to an employee for every hour worked.

d)

A fixed sum of money divided amoung equal pay period.

2.

Payroll

a)

Total amount earned by all employees for payroll period.

b)

Number of days of weeks of work covered by an employee's paycheck.

c)

Amount paid to an employee for every hour worked.

d)

A fixed sum of money divided amoung equal pay period.

3.

Wage

a)

Total amount earned by all employees for a payroll period.

b)

Number of days of weeks of work covered by an employee's paycheck.

c)

Amount paid to an employee for every hour worked.

d)

A fixed sum of money divided amoung equal pay period.

4.

Payroll taxes

a)

A deduction from total earnings for each person legally supported by taxper and employer

b)

A fixed sum of money divided among equal pay periods

c)

Total amount earned by all employees for a payroll period

d)

Taxes based on payroll of a business

5.

Pay Period

a)

Amount paid to an employee for every hour worked.

b)

Total amount earned by all employees for a payroll period

c)

A fixed sum of money divided among equal pay periods.

d)

Number of days of weeks of work covered by an employee's paycheck.

6.

Monthly Pay Period

a)

52 pay periods

b)

26 pay periods

c)

24 pay periods

d)

12 pay periods

7.

Semi-Monthly Pay Period

a)

52 pay periods

b)

26 pay periods

c)

24 pay periods

d)

12 pay periods

8.

Weekly Pay Period

a)

52 pay periods

b)

26 pay periods

c)

24 pay periods

d)

12 pay periods

9.

Bi-Weekly Pay Period

a)

52 pay periods

b)

26 pay periods

c)

24 pay periods

d)

12 pay periods

10.

Medicare Tax rate is....

a)

1.45%

b)

7.65%

c)

6.2%

11.

Social Security Tax rate is....

a)

1.45%

b)

7.65%

c)

6.2%

12.

Gross pay is the amount of pay employees take home.

a)

True

b)

False

13.

Form the employee must provide yearly showing your gross salary and taxes withheld.

a)

W-4

b)

1099

c)

W-2

d)

941

14.

Quarterly Federal Form reporting income taxes, Social Security tax, and Medicare tax withheld from employee's paychecks and the employer's portion of Social Security or Medicare tax.

a)

W-4

b)

1099

c)

W-2

d)

941

15.

Form filled out by an employee to instruct the employer how much to withhold from your paycheck.

a)

W-4

b)

1099

c)

W-2

d)

941

16.

Federal Unemployment Tax is paid by the Employer.

a)

True

b)

False

17.

Federal Employment rate is

a)

.0765

b)

.006

c)

.0145

18.

Check

a)

Paper check issued to employee at the end of the pay period.

b)

Depositing payroll checks directly into employee's checking or savings

c)

Computerised cash payments system that transfers funds withou the use of check, curreny or paper documents.

d)

Cash

19.

Automatic Check Deposit

a)

Paper check issued to employee at the end of the pay period.

b)

Depositing payroll checks directly into employee's checking or savings

c)

Computerised cash payments system that transfers funds withou the use of check, curreny or paper documents.

d)

Cash

20.

Electronic Funds Transfer

a)

Paper check issued to employee at the end of the pay period.

b)

Depositing payroll checks directly into employee's checking or savings

c)

Computerised cash payments system that transfers funds withou the use of check, curreny or paper documents.

d)

Cash