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Compensation Career Prep
Test Description: Compensation
Instructions: Answer all questions to get your test result.
1) Net Pay
A
the amount of money you make before deductions are taken out
B
FICA
C
take home pay
2) The form used to show you are a legal citizen of the US or have the proper paperwork to work in the US
A
C9
B
W2
C
W4
D
I9
3) Medicare
A
withheld from your paycheck for social security
B
a deduction that is paid to the government for people over the age of 65 as a type of retirement
C
a deduction that is paid to the government for health insurance for people over the age of 65 or for certain other people
D
W4
4) Statement that you receive that tells how much you made in wages and paid in taxes for the year. You receive it in Jan or Feb
A
W4
B
Medicare
C
I9
D
W2
5) Overtime rate of pay
A
1 1/2 times the hourly rate
B
2 times the hourly rate
C
is paid to anyone working over 36 hours per week
D
Same rate as regular pay
6) Services pay by the employer over and above what you earn at work
A
Benefits
B
Gross Pay
C
Net Pay
D
Overtime Wages
7) An amount certain workers receive for making a sale. It is a percentage of the sale
A
Overtime rate
B
Hourly rate
C
Commission
8) W4
A
a withholding that is paid to the government for health insurance for people over the age of 65
B
The form you receive in Jan or Feb that tells how much money you made the previous year taxes paid
C
The form you fill out when you start work that helps the employer figure out how much to withhold from your check for taxes
9) If Tommy Tunes makes $6 an hour and works 34 hours with 25% taxes withheld, what is his gross pay?
A
$204
B
$153
C
$326
D
$51
10) If Usher makes $12.00 an hour and works 42 hours, how much will he make per hour in overtime?
A
$504
B
$36
C
$18
D
$12
11) In SMART goals, M stands for:
A
measurable
B
magnify
C
meaningful
12) I am going to lose 25 pounds by Christmas. What is this goal missing?
A
attainable
B
timebound
C
specifics
D
measurable
13) In SMART goals, the R is for:
A
is it able to be done - reasonable
B
how long will it take - real time
C
why is it important - relevant
14) Gross Pay
A
the amount of money after taxes
B
The amount of money you make before taxes
C
the amount of money you make per year
*select an answer for all questions
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