Payroll Guru Quiz
- 1.
What association certifies payroll professionals in the US?
- A.
Payroll Professionals Association
- B.
American Payroll Association
- C.
America's People Association
- D.
Hard workers Association
Correct Answer
B. American Payroll Association -
- 2.
What is paper currency made out of?
- A.
25% cotton and 75% linen
- B.
50% cotton and 50% linen
- C.
80% cotton and 20% linen
- D.
Trees
Correct Answer
A. 25% cotton and 75% linen -
- 3.
What is the National Payroll Week (NPW) slogan?
- A.
"Pay People Faster"
- B.
"Processing Payroll For Hardworking Americans"
- C.
“America Works Because We’re Working For America”
- D.
"Paychecks For Everyone!"
Correct Answer
C. “America Works Because We’re Working For America” -
- 4.
What was the first Federal Minimum Wage?
- A.
$2.00
- B.
$1.00
- C.
$0.50
- D.
$0.25
Correct Answer
D. $0.25 -
- 5.
What is in the top right corner on a check?
- A.
Signature
- B.
Date
- C.
Check Number
- D.
Address
Correct Answer
C. Check Number -
- 6.
What is the total amount of money that the employer pays in wages to an employee?
- A.
Gross Pay
- B.
Net Pay
- C.
Full Pay
- D.
A Paycheck
Correct Answer
A. Gross Pay -
- 7.
What year was National Payroll Week (NPW) created?
- A.
1994
- B.
1996
- C.
1954
- D.
1986
Correct Answer
B. 1996 -
- 8.
How many fields are there to fill out on a check?
- A.
6
- B.
7
- C.
8
- D.
9
Correct Answer
A. 6 -
- 9.
According to the FLSA, employees must receive overtime pay for hours worked in excess of _____ in a workweek.
- A.
80
- B.
60
- C.
40
- D.
75
Correct Answer
C. 40 -
- 10.
What does SSN stand for?
- A.
Super Secret Number
- B.
Social Security Number
- C.
Special Security Number
- D.
Secret Social Number
Correct Answer
B. Social Security Number -
- 11.
What is the difference between wages and salary?
- A.
Salary is associated with employee compensation based on number of hours worked multiplied by an hourly rate of pay while Wages is best associated with employee compensation quoted on an annual basis
- B.
Wages is associated with employee compensation based on number of hours worked multiplied by an hourly rate of pay while Salary is best associated with employee compensation quoted on an annual basis
Correct Answer
B. Wages is associated with employee compensation based on number of hours worked multiplied by an hourly rate of pay while Salary is best associated with employee compensation quoted on an annual basis -
- 12.
What does FICA stand for?
- A.
Federal Insurance Coin Act
- B.
Federal Income Contributions Act
- C.
Federal Insurance Contributions Act
- D.
Free Income Calling Act
Correct Answer
C. Federal Insurance Contributions Act -
- 13.
What is a refundable tax credit for low to moderate income working individuals and couples, particularly with children?
- A.
Earned Income Tax Credit (EITC)
- B.
Child Tax Credit
- C.
Adoption Tax Credit
- D.
Premium Tax Credit
Correct Answer
A. Earned Income Tax Credit (EITC) -
- 14.
What is shift pay?
- A.
When employees switch shifts
- B.
When an employer pays a premium to employees who work less desirable hours
- C.
When an employee submits a request for a pay increase
- D.
When an employee receives an inaccurate paycheck
Correct Answer
B. When an employer pays a premium to employees who work less desirable hours -
- 15.
What is the difference between semimonthly and biweekly payroll?
- A.
Semimonthly is paid 24 times per year, biweekly is paid 26 times per year
- B.
Semimonthly is paid 48 times per year, biweekly is paid 52 times per year
- C.
Semimonthly is paid 52 times per year, biweekly is paid 26 times per year
- D.
Semimonthly is paid 48 times per year, biweekly is paid 26 times per year
Correct Answer
A. Semimonthly is paid 24 times per year, biweekly is paid 26 times per year -
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 21, 2022Quiz Edited by
ProProfs Editorial Team -
Aug 30, 2017Quiz Created by
Ally Edwards
Back to top