WorksheetsUnit 1A Test (Ch 1-3) - Spring 26
Total questions: 45
Worksheet time: 23mins
Name
Class
Date
1.
Today, most companies publish their job openings through employment agencies and newspapers.
a)
True
b)
False
2.
Checking your credit report frequently can help with early detection of identify theft.
a)
True
b)
False
3.
Privacy laws in America are designed to effectively safeguard the privacy of information posted on the Internet.
a)
True
b)
False
4.
A resume should be as broad or “generic” as possible to fit many possible job opportunities.
a)
True
b)
False
5.
Follow-up contact with a prospective employer after a job interview may be in the form of a thank-you letter or email.
a)
True
b)
False
6.
Management of data storage and retrieval is known as
a)
a. data warehousing.
b)
b. data back-up.
c)
c. data processing.
d)
d. web mining.
7.
Attaining a higher skill level to increase your usefulness to your employer is called
a)
a. retraining.
b)
b. upgrading.
c)
c. lifelong learning.
d)
d. promotion.
8.
All of the following information would be appropriate for inclusion in a resume except
a)
a. work experience, including both paid and unpaid jobs.
b)
b. personal information, including age, gender, and marital status.
c)
c. educational background, including high school and post-high school institutions attended.
d)
d. additional qualifications or skills, such as proficiency with particular types of software or the ability to speak a foreign language.
9.
People who provide information about a job applicant’s skills, character, and achievements are known as
a)
a. resources.
b)
b. references.
c)
c. career coaches.
d)
d. all of the above.
10.
Effectively preparing for a job interview would include
a)
a. preparing a list of likely questions.
b)
b. reviewing your resume.
c)
c. learning about your prospective employer.
d)
d. all of the above.
11.
Facts, numbers, or text that can be processed on a computer are referred to as _________________ .
a)
Data
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
12.
Businesses convert _________________ into knowledge about historical patterns and projected future trends.
a)
Information
b)
Evasion
c)
Gross
d)
Overtime
e)
Rewards
13.
A(n) _________________ card allows a business to gather and store information about your purchasing habits.
a)
Rewards
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
14.
Paying for purchases with cash or prepaid gift cards are ways to protect against _________________
a)
Identity Theft
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
15.
_________________ means actively seeking new knowledge, skills, and experience that will promote professional and personal growth throughout your life.
a)
lifelong learning
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
16.
Employers must pay all employees overtime at the rate of 1.5 times the regular rate.
a)
True
b)
False
17.
Allowances are additions to the amount of income tax that must be withheld from your paycheck.
a)
True
b)
False
18.
An employee required to work on a paid holiday is usually paid 1.5 times his or her regular hourly rate of pay.
a)
True
b)
False
19.
When an employee is entitled to his or her full retirement account, the employee is said to be vested in the account.
a)
True
b)
False
20.
A job requiring heavy physical labor is probably not a good candidate for a compressed workweek.
a)
True
b)
False
21.
A standard workweek is
a)
a. 32 hours.
b)
b. 40 hours.
c)
c. 44 hours.
d)
d. 36 hours.
22.
Rate × Hours Worked =
a)
a. Net Pay.
b)
b. Incentive Pay.
c)
c. Gross Pay.
d)
d. Overtime Pay.
23.
If you are a salaried worker,
a)
a. you will probably be paid twice per year.
b)
b. your overtime pay rate is higher than that of an hourly worker.
c)
c. no deductions will be taken from your paycheck.
d)
d. your gross pay is the same as your salary.
24.
For employees, the Social Security deduction is withheld at the rate of
a)
a. 6.2 percent of the first $117,000 earned.
b)
b. 1.45 percent of the first $117,000 earned.
c)
c. 6.2 percent of all pay earned.
d)
d. 1.45 percent of all pay earned.
25.
In most cases, the amount of "take-home pay" an employee receives is
a)
a. equal to net pay plus overtime pay.
b)
b. about 65 to 70 percent of gross pay.
c)
c. equal to gross pay.
d)
d. less than gross pay but more than net pay.
26.
The total amount you earn before any deductions are subtracted is called _________________ pay.
a)
Gross
b)
Evasion
c)
Overtime
d)
Information
e)
Rewards
27.
_________________ is time worked beyond the regular hours.
a)
Overtime
b)
Evasion
c)
Gross
d)
Information
e)
Rewards
28.
The amount of your paycheck, often referred to as your “take-home pay,” is your _________________ pay.
a)
Net
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
29.
Forms of employee compensation in addition to pay are called _________________ .
a)
Benefits
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
30.
Money offered to encourage employees to strive for higher levels of performance is called _________________ pay.
a)
incentive
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
31.
In the United States, both businesses and individuals pay income taxes and must file income tax returns each year.
a)
True
b)
False
32.
Revenue bills must pass a vote in the Senate and then be signed by the President before they become law.
a)
True
b)
False
33.
When government spends more than it receives in revenue, it has a surplus.
a)
True
b)
False
34.
In the United States, all citizens are expected to prepare and file tax returns on their own without being forced to do so by the government.
a)
True
b)
False
35.
If you file a joint tax return, you can take an exemption for your spouse.
a)
True
b)
False
36.
In the United States, the power to impose federal taxes rests with
a)
a. the Internal Revenue Service.
b)
b. the Congress.
c)
c. the Department of the Treasury.
d)
d. the President.
37.
In this kind of audit, the IRS sends a letter to the taxpayer, asking him or her to answer specific questions about the tax return.
a)
a. correspondence audit
b)
b. office audit
c)
c. field audit
d)
d. document audit
38.
Which of the following is an example of a flat tax?
a)
a. consumption tax
b)
b. property tax
c)
c. sales tax
d)
d. federal income tax
39.
In the United States, the responsibility for filing a tax return rests with the individual. This defines the concept of
a)
a. voluntary compliance.
b)
b. the ability-to-pay principle.
c)
c. the graduated income tax system.
d)
d. pay-as-you-go.
40.
Your filing status on your tax return is based on
a)
a. your age.
b)
b. your income.
c)
c. your marital status.
d)
d. your occupation.
41.
Willful failure to pay taxes is called tax _________________ .
a)
Evasion
b)
Gross
c)
Overtime
d)
Information
e)
Rewards
42.
Tax rates apply to different income ranges, or tax _________________ .
a)
brackets
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
43.
A(n) _________________ is an amount you may subtract from your income for each person who depends on your income to live.
a)
exemption
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
44.
Someone who lives with you and for whom you pay more than half of his/her living expenses is called a(n) _________________ .
a)
dependent
b)
Evasion
c)
Gross
d)
Overtime
e)
Information
45.
All the taxable income you receive is called _________________ income.
a)
Gross
b)
Evasion
c)
Overtime
d)
Information
e)
Rewards
100 %
