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- 1. Multiple Choice
What is a pay period?
time worked beyond an employee’s regular hours
the number of days an employee works and is paid for each paycheck
the day a person is paid
a fixed amount of money an employee is paid to do a job
- 2. Multiple Choice
What is gross pay?
a pay period of every 2-weeks with 26 pay periods per year
the amount of money earned before any deductions are subtracted
the amount of money left in a worker’s paycheck after deductions are taken out
the amount of money subtracted from a worker’s pay
- 3. Multiple Choice
Which of these is an optional/voluntary deduction?
healthcare insurance
state income tax
Social Security tax
Medicare tax
- 4. Multiple Choice
Multiplying a worker’s hourly wage amount and hours worked per pay period equals?
pay period
salary
gross pay
net pay
- 5. Multiple Choice
A fixed amount of money per year paid to an employee to do a job is known as a _____?
hourly rate
deduction
overtime pay
salary
- 6. Multiple Choice
Which of these is the amount of money that remains after taxes have been deducted that a person can save or spend as he or she wishes?
semi-monthly paycheck
gross pay
residents
disposable income
- 7. Multiple Choice
What is netpay?
a pay period of every 2-weeks with 26 pay periods per year
the amount of money earned before any deductions are subtracted
the amount of money left in a worker’s paycheck after deductions are taken out
the amount of money subtracted from a worker’s pay
- 8. Multiple Choice
What is a deduction?
the total income for a pay period
net pay
the amount of money subtracted from your paycheck
overtime pay
- 9. Multiple Choice
A pay stub...
explains how much money was earned and the types of deductions and amounts withheld from a worker’s paycheck.
is time worked beyond an employee’s regular hours.
he amount of money remaining after taxes have been deducted that a person can spend as he/she wishes.
is the amount of money you earn after deductions are subtracted.
- 10. Multiple Choice
Overtime...
explains how much money was earned and the types of deductions and amounts withheld from a worker’s paycheck.
is time worked beyond an employee’s regular hours.
he amount of money remaining after taxes have been deducted that a person can spend as he/she wishes.
is the amount of money you earn after deductions are subtracted.
- 11. Multiple Choice
Hourly wage is a specific rate of money per hour worked that is paid by an employer.
True
False
- 12. Multiple Choice
A salary is a fixed amount of money paid to an employee to do a job.
True
False
- 13. Multiple Choice
A Payday is the day a person is paid.
True
False
- 14. Multiple Choice
Deductions are amounts of money subtracted from a worker’s gross pay.
True
False
- 15. Multiple Choice
Each time a worker is paid, he/she should receive a detailed list of deductions on a pay stub or a deposit slip (if money is directly deposited to a bank account).
True
False
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