Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

September 20th Quiz

Total questions: 20

Worksheet time: 22mins

Name
Class
Date
1.
Which of the following represents the actual amount of money you get to take home?
a)
Commission Pay
b)
Net Pay
c)
Hourly Pay
d)
Gross Pay
2.
How many hours are generally considered to be full time employment?
a)
20 Hours a week
b)
25 hours a week
c)
30 Hours a week
d)
40 hours a week
3.
Which way to get paid is the LEAST stable income source (varies the most from pay period to pay period)?
a)
Commission
b)
Piece Work
c)
Hourly
d)
Salary
4.
Employees who are paid biweekly receive ______________ paychecks per year.
a)
12
b)
24
c)
26
d)
52
5.
FICA is comprised of two different parts… what are they?
a)
Social security and federal tax
b)
Social security and state tax
c)
Medicare and social security
d)
Medicare and federal tax
6.
The total amount of earnings before any deductions are taken out
a)
Gross Pay
b)
Net Pay
c)
After-tax Income
d)
Yucky Pay
7.
Tax forms must be completed and sent in by ...
a)
April 15th
b)
April 1st
c)
July 4th
d)
December 1st
8.
The W-2 statement is sent to you from ...
a)
the government
b)
the IRS
c)
your employer(s)
d)
the President
9.

What does "annual" mean in terms of an "annual salary"?

a)

The amount of money made in one month.

b)

The amount of money made in one week.

c)

The amount of money made in one year.

10.

What does "rate" mean in terms of getting paid?

a)

When you get to rate your co-workers from least to most annoying.

b)

The amount of money that is made per hour.

c)

How many hours you work per day.

11.

When you are paid "bi-weekly" what does that mean?

a)

You get paid every week.

b)

Getting paid to ride a bicycle weekly.

c)

You get paid every two weeks.

12.

What does "wage" mean?

a)

The amount of money you earn for working.

b)

The emotion you feel when you get really mad and turn into the Hulk.

c)

The amount of time you work.

13.

What does "salary" mean?

a)

A special kind of salad from Canada.

b)

The money that is earned in each paycheck.

c)

A particular amount of money that you earn each month or year from your job.

14.

Sally goes to the bank. She puts her babysitting money in her account. Sally has made a

a)

Deposit

b)

Withdrawal

15.
To take money OUT of your account, is called:
a)
WITHDRAWAL
b)
DEPOSIT
c)
TRUST
d)
STEAL
16.

Minimum wage can vary from state to state.

a)

True

b)

False

17.

An employee receiving a salary will not see a change in their paycheck when they call off work.

a)

True

b)

False

18.

How does the FLSA define a "normal work week"?

a)

A week that does not require an employee to do something outside of their job description.

b)

A week in which an employee works 40 hours.

c)

A week in which an employee does not have to report to work until 9:00 AM.

d)

A week that allows an employee to choose their work schedule.

19.

Which of the following is an advantage of receiving a wage?

a)

You will not see a change in your paycheck when you call off work.

b)

It makes it easier to budget because your paycheck is always the same.

c)

The more you work, the more you get paid.

d)

You DO NOT receive overtime pay for working additional hours.

20.

What does FICA represent on your paycheck?

a)

The amount your paid into Social Security

b)

The amount your employer paid into Social Security

c)

The amount you paid for health insurance

d)

The amount you paid for Federal taxes