finance

QuizÂ by Brenda Grimes

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15 questions
• Q1
An employee is paid every other week (26 pay periods per year).
Weekly
Bi-Weekly
Monthly
Annual
30s
• Q2
A person who works for others for compensation.
Owner
Employee
Boss Man
Employer
30s
• Q3
The amount of money earned during a pay period before deductions
Salary
Take Home Pay
Net Pay
Gross Pay
30s
• Q4
The employee receives an hourly wage for hours worked.
Unemployed
Annual
Hourly Salary
Net
30s
• Q5
When an employee is paid 12 pay periods per year he recieves a _____________ salary
Monthly
Yearly
Annually
weekly
30s
• Q6
A set amount of money an employee receives each pay period regardless of the hours worked.
Salary
Hourly
Net Pay
Weekly
30s
• Q7
The amount of money a person receives after deductions.
Gross Pay
Income
Tax
Net Pay
30s
• Q8
When an employee is paid 52 pay periods per year,this is considered _____________ pay
hourly
weekly
annually
yearly
30s
• Q9
paid to employees to cover medical fees
you pay to have insurance
30s
• Q10
Kayla is paid monthly at her salaried position. If her annual salary is \$41,400, what is her gross pay for one paycheck?
\$345
\$3450
\$41, 400
\$862.50
30s
• Q11
Annual income is also referred to as _______________income.
monthly
yearly
net pay
weekly income
30s
• Q12
When given hourly wages the typical weekly income is determined by
dividing the hourly wages by 52
multiplying the hourly wages by 40.
multiplying the wages by 52
dividing the hourly wages by 40
30s
• Q13
When given the monthly income, the yearly income is best determined by
dividing the monthly income by 4
multiplying the monthly income by 4.
dividing the monthly income by 12
multiplying the monthly income by 12.
30s
• Q14
Taxes are ______________________ from the gross pay.
multiplied