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- 1. Multiple ChoiceThe employee knows exactly which day his/her paycheck will be deposited into their depository institution account.Paycheck with attached paycheck stubDirect DepositPayroll Card
- 2. Multiple ChoiceThis payment method is the most common.Payroll CardPaycheck with payheck stubDirect Deposit
- 3. Multiple ChoiceThere may be numerous fees associate with this payment method.Direct DepositPayroll CardPaycheck with attached pay stub
- 4. Multiple Choice__________________ is a federal act that protects payroll card holders.Tax ActRegulation ETax RegulationRegulation B
- 5. Multiple Choice_____________ are compulsory charges imposed on citizens by local, state and federal government.PayrollTaxesGross Pay
- 6. Multiple ChoiceFederal taxes are collected by the _____________ a government agency.Tax RegulatorsInternal Revenue ServiceThe FedCongress
- 7. Multiple ChoiceThe tax includes two separate taxes: Social Security and Medicare.Gross PayFICADeductionsTax
- 8. Multiple ChoiceThe amount required by law for employers to withhold from earned wage to pay taxes.State Withholding TaxDeductionsFederal Withholding TaxNet Tax
- 9. Multiple Choice
How long is Wendall's pay period?1 week1 Month2 Weeks - 10. Multiple ChoiceThe length of time for which an employee's wages are calculated.Pay DayYear-to-datePayment SchedulePay Period
- 11. Multiple ChoiceHow much has Wendall paid in FICA since she has been working for Megga Spartan Tech Inc.?$116$496$612$1493.19
- 12. Multiple ChoiceWhat percentage of Wendall's year-to-date gross pay is was paid to year-to-date deductions?32.7%75.35%27.69%24.65%
- 13. Multiple ChoiceBased on the handout what is Jane's hourly rate?$15.00$15.15$15.19$15.20
- 14. Multiple ChoiceBased on the handout: How many non-taxable deductions are taken out of Jane's paychecks?0358
- 15. Multiple ChoiceBased on the Handout: What is the end date of the pay period?Mar 21, 2017Mar 26, 2017
- 16. Multiple ChoiceThe total amount of money earned during the pay period before deductions.Take Home payNet PayGross PayFICA
- 17. Multiple ChoiceThe amount of money left after all deductions have been taken from the gross pay earned in a pay period.Gross PayCommissionPay RateNet Pay
- 18. Multiple ChoiceNet Pay = Gross Pay - DeductionsTrueFalse
- 19. Multiple ChoiceBased on the handout: What percentage of Jane's year-to-date gross pay has she paid in year-to-date federal income taxes?6.4%6.8%7.8%8.7%
- 20. Multiple ChoiceBased the on the handout: What percentage of Jane's gross pay is her Medicare tax?10.31%1.82%1.43%.45%
- 21. Multiple ChoiceUnbanked payroll card holders benefit by not having to pay ________________ fees each pay period.check cashingbounced checkATMpayroll
- 22. Multiple ChoiceBased on the handout: How much will Jane pay in FICA this period?$97.75$123.49$61.62$94.67
- 23. Multiple ChoiceBased on the handout: How much did Jane make in overtime this period?$34.18$22.79$1.50She didn't work any overtime.
- 24. Multiple ChoiceBased on the handout: What percentage of gross pay is Jane's net pay?7.84%78.4%8.78%87.8%
- 25. Multiple ChoiceTo find salaried employee's gross pay per period, you must multiply the hours worked by the pay rate.TrueFalse
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