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Personal Finance Exam Review 3
Test Description: Final exam review
Instructions: Answer all questions to get your test result.
1) This form ___which you fill out when you start working for an employer - asks for your name, address, Social Security number, marital status, and the number of exemptions you claim for income tax purposes.
A
tax bracket form
B
Form W-2
C
Form W-4
D
job application form
2) The more allowance you claim,
A
the less tax you will have withheld from your paycheck.
B
the more tax you have withheld from your paycheck.
C
the less your tax liability will be.
D
the longer you have to file your tax returen.
3) Your permanent work identification number is called your
A
W-4 number.
B
Social Security number.
C
work permit number.
D
serial number.
4) An employer must provide employees copies of Form W-2 for the previous tax year no later than ____ of the current year.
A
January 31
B
January 1
C
February 15
D
April 15
5) Which federal law requires hourly workers to be paid overtime wages for hours worked beyond 40 per week?
A
the Equal Pay Act
B
the Social Security Act
C
the Fair Labor Standards Act
D
the Civil Rights Act of 1964
6) An insurance program that pays benefits to workers and/or their families for injury, illness or death that result on the job is called
A
unemployment insurance.
B
Medicare.
C
workers' compensation.
D
life insurance
7) Which of the following is not valid circumstance for unpaid leave under the Family and Medical Leave Act?
A
having a week long case of the flu
B
adopting a child
C
care of a parent with Alzheimer's Disease
D
birth and care of a newborn child
8) If your work on the job is of such quality that the employer can sell it or use it to favorably represent the company, it is said to be
A
marketable.
B
marginal.
C
accessible.
D
employable.
9) This character trait means that you can be counted on to do what you say you will do.
A
loyalty
B
thoughtfulness
C
helpfulness
D
dependability
10) All employees should be provided with
A
a safe working environment.
B
safe equipment.
C
adequate training for working under dangerous conditions.
D
all of the above.
*select an answer for all questions
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