Financial Tech Exam Part 6: Question Preview (ID: 9824)

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Person who can be claimed on tax return
a) dependent
b) tenant
c) landlord
d) independent

Voluntary deductions
a) federal income tax
b) social security
c) retirement plan
d) medicare

Pay for each month or year worked
a) wage
b) commission
c) salary
d) bonus

Used by employees to list exemptions and tax withholdings
a) W-2
b) 1040EZ
c) W-4
d) I-9

Total salary or wages earned
a) net pay
b) gross pay
c) bonus
d) commission

Reports worker's taxable income for year
a) W-4
b) W-2
c) I-9
d) 1040EZ

Pay for each hour worked
a) Salary
b) Bonus
c) Commission
d) Wage

Deductions required by law
a) retirement plan
b) health insurance
c) federal income tax
d) life insurance

Amount of check after deductions
a) gross pay
b) net pay
c) salary
d) commission

Percentage of sales paid to salesperson
a) bonus
b) salary
c) commission
d) wage

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