Payroll Guru Quiz

15 Questions
Payroll Guru Quiz

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Questions and Answers
  • 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

  • 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

  • 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!"

  • 4. 
    What was the first Federal Minimum Wage?
    • A. 

      $2.00

    • B. 

      $1.00

    • C. 

      $0.50

    • D. 

      $0.25

  • 5. 
    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

  • 6. 
    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

  • 7. 
    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

  • 8. 
    What is in the top right corner on a check?
    • A. 

      Signature

    • B. 

      Date

    • C. 

      Check Number

    • D. 

      Address

  • 9. 
    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

  • 10. 
    What year was National Payroll Week (NPW) created?
    • A. 

      1994

    • B. 

      1996

    • C. 

      1954

    • D. 

      1986

  • 11. 
    How many fields are there to fill out on a check?
    • A. 

      6

    • B. 

      7

    • C. 

      8

    • D. 

      9

  • 12. 
    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

  • 13. 
    What does SSN stand for?
    • A. 

      Super Secret Number

    • B. 

      Social Security Number

    • C. 

      Special Security Number

    • D. 

      Secret Social Number

  • 14. 
    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

  • 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