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Worksheets

Wages and Taxes

Total questions: 85

Worksheet time: 2hrs 53mins

Name
Class
Date
1.
The piecework rate of a garment worker is $0.75 per decal sewn on a jacket.  If Daniel sews 100 decals, how much does he earn?
a)
$75.00
b)
$7.50
c)
$750.00
d)
$100.00
2.
What is an annual salary?
a)
What you are paid each month
b)
What you earn over the course of a year.
3.
What is gross pay?
a)
Amount of earnings before deductions.
b)
Wet money.
c)
What you get after taxes
4.

Rate of Pay: $5.25 Hours Worked: 7

a)

$75.00

b)

$36.75

c)

$50.25

5.

Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s gross pay?

a)

$438

b)

$338

c)

$35

6.

Janet Henderson is a secretary. She works Monday to Friday every week. If she worked a total of 44.5 hours this week, and her regular pay is $11.46 per hour, What is Janet’s gross pay?

a)

$458.40

b)

$509.97

c)

$535.76

7.

How many hours are in a full-time work week?

a)

20

b)

30

c)

40

d)

35

8.

What is overtime?

a)

working 30-40 hours a week

b)

working over 40 hours a week

c)

working under 30 hours a week

9.

If you work 45 hours, how many hours are considered overtime?

a)

5

b)

10

c)

15

d)

40

10.

If you make $14 an hour, what is your overtime rate?

rate × 1.5 = overtimerate\ \times\ 1.5\ =\ overtime

a)

$21

b)

$14

c)

$140

d)

$28

11.

Dante earns a regular hourly pay of $17.00. How much does he make for 6 hours of overtime?

1. hourly rate x 1.5 = overtime rate

2. overtime hours x overtime rate

a)

$153.00

b)

$102.00

c)

$782.00

d)

$833.00

12.

Alice worked 52 hours this week and makes $9.35 an hour. How much does she make TOTAL?

1. 40 x hourly rate = full time pay

2. full time pay + over time pay = TOTAL

a)

$168.30

b)

$112.20

c)

$486.20

d)

$542.30

13.
If Cheyenne worked from 8:30 am and went to lunch at 12:00 pm.  She came back at 1:00 pm and left for the day at 4:30 pm.  How many hours did she work?
a)
5.5 hours
b)
7 hours
c)
6.5 hours
d)
9 hours
14.

The car salesman, Brian sells $100,875 worth of knifes and he gets 25% commission.  With a salary of $15,000, what is his total earnings?

a)

$40215.85

b)

$4333.30

c)

$40115.50

d)

$40218.75

15.
Sammy needs to earn $2700 a month. He earns a 12% commission on his total sales.  What must his monthly sales be?
a)
$325
b)
$342
c)
$324
d)
$350
16.

Unskilled workers often

a)

earn the most income

b)

work the most hours for the lowest wage

c)

have the most education and training

d)

need no supervision

17.

What is the price for labor

a)

value

b)

labor productivity

c)

wages

d)

human capital

18.

The lowest legal wage allowed for one hour of work.

a)

wage floor

b)

wage ceiling

c)

glass ceiling

d)

minimum wage

19.

Michael works in a supermarket. He is paid $10.80 per hour.

What is Michael's overtime pay rate?

a)

$10.80

b)

$16.20

c)

$7.20

20.
What is gross pay?
a)
Amount of earnings before deductions.
b)
Wet money.
c)
What you get after taxes
21.

What does the term "withholding" mean in reference to your paycheck?

a)

It is the amount of your paycheck that you are NOT being taxed on.

b)

It is how much is being taken out of your paycheck in taxes

c)

It is how much you are going to owe the government when you file your annual tax return.

d)

It is how much you earn and includes salary, bonus, and commissions.

22.

You are starting your first job and you are asked to complete some paperwork on your first day. Which form will determine how much money is withheld from your paycheck for federal and state income taxes?

a)

w-2

b)

w-4

c)

I-9

d)

1040

23.

When determining whether you NEED to file a Federal Tax Return, each of these questions matters EXCEPT…

a)

How much income did you earn this year?

b)

What type of income did you earn this year?

c)

What state do you live in?

d)

Are you claimed as a dependent on anyone else's tax return?

24.

Which of the following best describes what a child "dependent" is for tax purposes?

a)

someone under the age of 19 who you financially support

b)

someone who is temporarily disabled

c)

someone who financially supports you

d)

someone who is a full-time student under the age of 30

25.
What is Antoine’s net pay (take-home pay) YTD?
a)
$645
b)
$4,275
c)
$505.03
d)
$3347.32
26.

Identify TWO examples of taxes deducted from your paycheck.

a)

Federal

b)

Road Taxes

c)

Social Security

d)

Public Safety Tax

27.
A required payment to local, state, or national government is 
a)
a tax
b)
revenue
c)
a ripoff
28.
What can happen if you don't file/pay taxes?
a)
You can get fined
b)
You can own back taxes
c)
You can go to prison
d)
All of the above
29.
Total amount of earnings made over a month before any deductions are____________.
a)
gross annual income
b)
net monthly income
c)
gross monthly income
d)
net annual income
30.
What is the amount of the monthly income remaining after all deductions have been taken?
a)
gross annual income
b)
gross monthly income
c)
net annual income
d)
net monthly income
31.
For which of the following would an employer withhold money from an employee's pay?
a)
Federal income tax
b)
Social Security tax
c)
Medicare Tax
d)
All of the above
32.
What's commonly referred to as the most important tax day of the year?
a)
August 15
b)
April 15
c)
December 30
d)
June 30
33.

What are taxes?

a)

the amount of money citizens and businesses charge the government so they can pay all their bills.

b)

the amount of money citizens and businesses are required to pay so the government can function and provide services.

c)

the amount of money citizens and businesses are required to pay so they are protected from criminal organizations.

d)

the amount of money citizens and businesses pay the government because it makes them happy.

34.

Sales tax is the tax you pay

a)

when you buy something.

b)

when you sell something.

c)

when you barter.

d)

when you give something as a gift.

35.

Income tax is the tax you pay on money you receive from all of the following sources EXCEPT

a)

your job

b)

rent from tenants

c)

gifts you receive from your friends and relatives

d)

earnings on investments like stocks

36.

This tax helps fund the basic retirement program run by the federal government.

a)

Social Security Tax

b)

Property Tax

c)

Medicare Tax

d)

Sales Tax

37.

During your working years, social security tax takes a percentage of your earnings. Then when you retire or are disabled

a)

your social security tax is used to pay medical costs.

b)

you become eligible to receive monthly payments.

c)

you lose your benefits.

d)

you can leave your Social Security benefits to your loved ones when you die.

38.

Medicare is a tax taken out of your paycheck and is

a)

the federal government's retirement program.

b)

the federal government's elder care institution.

c)

the federal government's health care system for people age 65 and over.

d)

a really poor substitute for private health insurance.

39.

Money that the government collects from people and businesses is called a _____________.

a)

Income

b)

Tax

c)

charge

d)

estate

40.

This kind of tax is added to a purchase you make at a store.

a)

Sales Tax

b)

Income Tax

c)

Property Tax

d)

Excise Tax

41.

If sales tax is 10 percent, and a new pair of sneakers costs $70, how much do you actually have to pay?

a)

$77

b)

$71

c)

$80

d)

$100

42.

Which is true?

a)

The less you make, the more you get taxed.

b)

The more you make, the higher percentage tax is taken out.

c)

The more you make the lower you get taxed.

d)

If you are cool, you don't get taxed at all.

43.

What taxes come out of a person's paycheck and pay for a retirement program for older people?

a)

Sales Tax

b)

Social Security Tax

c)

Property Tax

d)

Medicare Tax

44.

Under a progressive income tax, who would pay the largest proportion of her income in taxes?

a)

A schoolteacher

b)

The owner of a small business

c)

A millionaire

d)

A student on financial aid

45.

Federal, state, and local governments spend money collected from taxes to fund specific programs and services. Which item is supported through taxes?

a)

movie theaters

b)

parking garages

c)

public schools

d)

shopping malls

46.

which of the following is true

a)

the government doesn't collect taxes

b)

the more you earn the higher taxes are

c)

you don't pay taxes until 25

d)

if you receive under 1000 you don't pay taxes

47.

What tax comes out of paychecks and pays for medical care for people 65 and older?

a)

Social Security

b)

Property

c)

Income

d)

Medicare

48.

Business and people pay income taxes. Both are

a)

regressive taxes

b)

progressive taxes

c)

proportional taxes

d)

personal taxes

49.
Your mom goes to the ATM at the bank and withdraws $300 from her savings account with her card. 
a)
Debit card
b)
Credit Card
50.
Your grandmother takes you out for pizza for your birthday. She pays with a card and money for the bill comes out of her checking account. 
a)
Debit card
b)
Credit Card
51.
Your aunt buys you a new outfit for the first day of school. She pays with a card and tells you she’ll pay for it at the end of the month when she gets her bill. 
a)
Debit card
b)
Credit card
52.
Your mom buys groceries and pays with a card. She also gets $30 in cash from her checking account at the bank at the same time. 
a)
Debit card
b)
Credit Card
53.
Your family is on vacation and you need more cash. Your dad goes to the ATM and gets a $500 cash advance. He says, “Just one more vacation expense we’ll have to pay off when we get home.”
a)
Debit card
b)
Credit card
54.
Your dad goes to the gas station, fills up the car with gas and pays with his card. He will get a bill at the end of the month for the gas.
a)
Debit card
b)
Credit card
55.
You made the softball team. YEAH!!! Dad takes you to buy a uniform. He pays for the purchase with a card, enters his PIN and gets $20 in cash back from his checking account.
a)
Debit card
b)
Credit card
56.
It’s the end of August and you need school supplies. Your mom pays for them with her card. The bill for your school supplies shows up on her monthly card statement. It is small enough to pay now so she does not have to pay interest.
a)
Debit card
b)
Credit card
57.
Your dog has to go to the vet for his rabies vaccination. Your mom pays with a card. The cost of the visit to the vet shows up on her monthly bill.
a)
Debit card
b)
Credit card
58.
You got the lead in the school play. Your mom stops at the ATM to get $50 from her savings account then takes you to the fabric store to get supplies to make your costume.
a)
Debit card
b)
Credit card
59.

True or False: Having Business Etiquette shows respect and helps differentiate you from others in a competitive situation.

a)

True

b)

False

60.

True or False: Phone Etiquette is an important type of Business Etiquette.

a)

True

b)

False

61.

Business Etiquette...

a)

Modifies distracting behaviors and develops admired conduct

b)

Honors commitment to excellence and quality

c)

Enables you to be confident in a variety of settings with a variety of people

d)

All of the above

62.

For meeting Etiquette which one of these would be ok to do?

a)

Use swear words and vulgar references just now and then

b)

Leave your cell phone on because you are expecting and emergency call.

c)

Be on time

d)

Sit with poor posture

63.

The rules of good workplace manners

For example: Listening without interrupting the speaker.

a)

Manners

b)

Business Etiquette

c)

Ethics

d)

Code

64.

A professional email requires which of the following? (check all that apply)

a)

Signature

b)

A lengthy body paragraph

c)

Greeting

d)

A subject line

e)

ALL CAPS

65.

What is true about social media in regards to business etiquette?

a)

Employers can and will look up your social media profiles

b)

What you post on social media can effect whether you are hired for a position or let go from a position

c)

You should never post anything incriminating or inappropriate

d)

All of the above

66.

_____________ is the most common form of communication for most businesses today

a)

Letters

b)

Texting

c)

Email

d)

Twitter

67.

Which of the following is NOT a basic communication skill?

a)

Speaking

b)

Texting

c)

Listening

d)

Writing

68.

True or False: How we sit, stand, and use facial expressions all send nonverbal messages.

a)

True

b)

False

69.

It is important to know when it is okay to socialize. the following situations are examples of times when it is okay to socialize at work. One example does NOT belong in the list. Which one?

a)

During breaks

b)

Waiting for a meeting to start

c)

When you see a coworker working at his or her desk

d)

Passing someone in the hall

70.

Which of the following is NOT a quality of collaboration?

a)

Respect

b)

Openness

c)

Honesty

d)

Inconsistency

71.

A subject line should...(check all that apply)

a)

be blank

b)

briefly identify what is in the content of the email

c)

be descriptive and clear

d)

use 1 word

72.

Using all CAPS in your writing is the same as...

a)

shouting

b)

talking normally

c)

whispering

d)

none of the above

73.

What is BCC?

a)

Block Carbon Copy

b)

Blind Carbon Copy

c)

Black Carbon Copy

d)

Binding Carbon Copy

74.

When someone is on a BCC, this prevents...

a)

others from knowing they are on the email chain.

b)

the person from receiving Reply All responses

c)

others from accessing their email address.

d)

All of the above

75.

True or False: It's okay to leave the subject line of an email blank.

a)

True

b)

False

76.

Is this outfit professional or business casual attire

a)

business dress (professional)

b)

business casual

77.

Is this professional or business casual attire?

a)

casual

b)

business casual

78.

Business casual or professional attire?

a)

business casual

b)

professional dress

c)

sports wear

d)

interview wear

79.

How is she dressed?

a)

professcasual attire

b)

professional attire

c)

business casual

d)

business pro

80.

This man is dressed....

a)

businesspro attire

b)

business dress (professional)

c)

business casual

d)

probusiness attire

81.

Why wouldn't this be business dress attire?

a)

because it has colors and stripes

b)

because it has pockets

c)

because it's fashion forward

d)

because it will cause too many stares.

82.

This outfit is an example of...

a)

business casual

b)

pro business casual

c)

work professional

d)

business dress

83.

This outfit classifies as...

a)

weekend attire

b)

casual attire

c)

business pro casual

d)

slick professional

84.

How would you classify this outfit?

a)

prostyle

b)

business casual

c)

business dress (professional)

d)

office wear

85.

Classify this outfit...

a)

business casual

b)

casual

c)

pro business casual

d)

professional swag