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Quiz by Stephanie Barker

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15 questions
Show answers
  • Q1
    What is a payroll?
    A record of a company's employees and the salaries and wages they are paid
    A form that employees fill out to request time off
    A document that outlines a company's dress code policy
    A monthly report on a company's profit and loss
    30s
  • Q2
    What is gross pay?
    The total amount of wages or salary earned by an employee before deductions
    The amount of money withheld from an employee's paycheck for taxes
    The additional payment received by an employee for working overtime
    The net amount of money received by an employee after deductions
    30s
  • Q3
    What is net pay?
    The additional payment received by an employee for working overtime
    The amount of money an employee receives after deductions have been made from their gross pay
    The total amount of wages or salary earned by an employee before deductions
    The amount of money withheld from an employee's paycheck for taxes
    30s
  • Q4
    What is a pay period?
    The date by which employees must submit their time sheets
    The deadline for employees to request vacation time
    The process of calculating taxes and deductions from employee paychecks
    The length of time over which employee wages are calculated and paid
    30s
  • Q5
    What is a pay stub?
    A document that verifies an employee's employment history
    A document provided to employees that outlines details of their pay, including earnings, deductions, and net pay
    A record of hours worked by an employee
    A form that employees submit to request reimbursement for work-related expenses
    30s
  • Q6
    Jaden sells a book for $100. He earns a 10% commission on the sale. How much does he earn?
    $110
    $90
    $1000
    $10
    30s
  • Q7
    Karen works at a clothing store. She earns a 15% commission on every sale. If a customer purchases items worth $200, how much commission does Karen earn?
    $30
    $15
    $50
    $20
    30s
  • Q8
    Sam is a real estate agent who earns a 3% commission on each house he sells. If he sells a house for $250,000, how much does he earn in commission?
    $5000
    $10000
    $2500
    $7500
    30s
  • Q9
    What is the purpose of a retirement plan as an employee benefit?
    To provide paid vacation
    To save money for retirement
    To pay for tuition fees
    To offer health insurance
    30s
  • Q10
    What is the purpose of health insurance as an employee benefit?
    To cover medical expenses
    To save money for retirement
    To pay for tuition fees
    To provide paid vacation
    30s
  • Q11
    What is a common type of employee benefit package?
    Paid vacation
    Retirement plan
    Health insurance
    Gym membership
    30s
  • Q12
    Which of the following employee benefit packages promotes professional development?
    Fitness center membership
    Tuition assistance program
    Casual dress code
    Company-provided meals
    30s
  • Q13
    What is a common employee benefit package that supports work-life balance?
    Performance bonuses
    Company car
    Flexible work schedules
    On-site gym
    30s
  • Q14
    What is a target audience in marketing?
    The number of sales a product has
    The total number of people in a market
    A specific group of people who are most likely to be interested in a product or service
    The geographic location of potential customers
    30s
  • Q15
    What is the purpose of a marketing plan?
    To determine the cost of production for a product
    To outline goals, strategies, and tactics for promoting a product or service
    To hire and train a sales team
    To analyze market trends and consumer behavior
    30s

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