National Payroll Week - Fun Fact Quiz
Natinoal Payroll Week - Fun Fact Quiz
- 1.
When was National Payroll Week created?
- A.
1971
- B.
1986
- C.
1999
- D.
1996
Correct Answer
D. 1996Explanation
National Payroll Week was created in 1996.Rate this question:
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- 2.
How many states do not have Individual Income Tax?
- A.
3
- B.
5
- C.
7
- D.
9
- E.
None of the Above
Correct Answer
C. 7Explanation
There are 7 states in the United States that do not have an Individual Income Tax. These states are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Residents in these states do not have to pay state income tax on their personal earnings.Rate this question:
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- 3.
What was the first Federal Minimum Wage?
- A.
.25
- B.
.83
- C.
1.10
- D.
4.15
Correct Answer
A. .25Explanation
The first federal minimum wage was $0.25. This means that the lowest amount of money that an employer could legally pay their employees per hour was $0.25. This was implemented as a way to ensure that workers were being paid a fair wage and to prevent exploitation in the labor market.Rate this question:
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- 4.
When were the words "In God we Trust" first printed on U.S. paper currency?
- A.
1864
- B.
1912
- C.
1932
- D.
1957
Correct Answer
D. 1957Explanation
The words "In God we Trust" were first printed on U.S. paper currency in 1957.Rate this question:
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- 5.
Is Vacation, Sick and/or Holiday pay guarenteed under FLSA?
- A.
Yes
- B.
No
- C.
Only Vacation
Correct Answer
B. NoExplanation
Under the Fair Labor Standards Act (FLSA), there is no guarantee for vacation, sick, or holiday pay. The FLSA only requires employers to pay employees for the hours they work, and does not mandate any specific benefits such as vacation or sick leave. These benefits, including holiday pay, are determined by individual company policies or employment contracts. Therefore, the correct answer is "No".Rate this question:
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- 6.
How was Social Security Tax created?
- A.
Social Security began during the Great Depression to assist the elderly. President Franklin D. Roosevelt signed the original Social Security Act into law in 1935 to combat unemployment and poverty and provide benefits for surviving family members. The original provisions of the act excluded many service categories, including agricultural and domestic workers, but today Social Security benefits are paid for all industries. Social Security began during the Great Depression to assist the elderly. President Franklin D. Roosevelt signed the original Social Security Act into law in 1935 to combat unemployment and poverty and provide benefits for surviving family members. The original provisions of the act excluded many service categories, including agricultural and domestic workers, but today Social Security benefits are paid for all industries.
- B.
Social Security Tax was created to offset the government debt.
- C.
None of the Above
Correct Answer
A. Social Security began during the Great Depression to assist the elderly. President Franklin D. Roosevelt signed the original Social Security Act into law in 1935 to combat unemployment and poverty and provide benefits for surviving family members. The original provisions of the act excluded many service categories, including agricultural and domestic workers, but today Social Security benefits are paid for all industries. Social Security began during the Great Depression to assist the elderly. President Franklin D. Roosevelt signed the original Social Security Act into law in 1935 to combat unemployment and poverty and provide benefits for surviving family members. The original provisions of the act excluded many service categories, including agricultural and domestic workers, but today Social Security benefits are paid for all industries.Explanation
Social Security Tax was created as part of the original Social Security Act signed into law by President Franklin D. Roosevelt in 1935. The purpose of this act was to combat unemployment and poverty during the Great Depression and provide assistance to the elderly and surviving family members. Initially, the act excluded certain service categories such as agricultural and domestic workers, but today Social Security benefits are paid for all industries. Therefore, the creation of Social Security Tax was not intended to offset government debt but rather to provide financial support and security to those in need.Rate this question:
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