Salary Pay Trivia Quiz
With 70 percent of the world's population on gainful employment, salary pay is common. How well do you understand salary pay? There is gross and net salary pay. Find out more about this very important topic in the quiz below.
- 1.To determine your gross pay when you receive an hourly wage you multiply your hourly rate by the number of regular hours worked
- A.
True
- B.
False
- 2.Annual salary refers to the amount of monthly pay to be received
- A.
True
- B.
False
- 3.Overtime wages are usually calculated a twice the regular hourly rate
- A.
True
- B.
False
- 4.A standard workweek is 40 hours in a 5 day period.
- A.
True
- B.
False
- 5.Social security tax is an example of an optional deduction from your paycheck
- A.
True
- B.
False
- 6.The amount left after all deductions have been subtracted from gross pay is known as net pay.
- A.
True
- B.
False
- 7.How are labor unions funded?
- A.
Government subsidies
- B.
Private donations
- C.
Dues from members
- D.
Profits from services sold
- 8.Bricklayers and carpenters belong to which of the following types of labor unions?
- A.
Craft
- B.
Industrial
- C.
Public employee
- D.
Professional
- 9.Training employees to be efficient in more than one skill is called
- A.
Flextime
- B.
Job sharing
- C.
Job rotation
- D.
Permanent part -time
- 10.The major function of a labor union is to
- A.
Oversee collective bargaining
- B.
Provide support services for members
- C.
Lobby
- D.
Recruit new members
- 11.The right of a person hired first to be fired last is called
- A.
Fringe benefits
- B.
Sick leave
- C.
Seniority
- D.
Work incentive
- 12.What was the result of the National Labor Relations Act
- A.
It limited power of unions
- B.
It gave unions the right to organize employees
- C.
It dissolved unions
- D.
It provided pension, retirement, and insurance benefits
- 13.When employers and union officials cannot agree on the terms of a new labor contract, the result is often
- A.
A violation
- B.
A strike
- C.
Overtime
- D.
Fringe benefits
- 14.The American Bar Association is an example of a
- A.
Labor union
- B.
Management group
- C.
Professional organization
- D.
Mediator
- 15.Which of the following workplace trends allows flexibility for employees in work hours?
- A.
Job rotation
- B.
Job sharing
- C.
Permanent part-time
- D.
Flextime
- 16.The amount of your take home pay is also known as
- A.
Gross pay
- B.
Deductions
- C.
Net pay
- D.
Optional deductions
- 17.Which of the following is not a required employee deduction?
- A.
Workers compensation
- B.
State taxes
- C.
Federal taxes
- D.
Social security
- 18.Profit sharing is NOT considered an incentive to improve performance
- A.
True
- B.
False
- 19.An explanation of pay computations and deductions must be provided with each paycheck
- A.
True
- B.
False
- 20.Telecommuting allows employees to complete job tasks at home
- A.
True
- B.
False
- 21.Cafeteria style benefits allow workers to base their job benefits on personal needs
- A.
True
- B.
False
- 22.Teachers belong to craft unions
- A.
True
- B.
False
- 23.Flextime is another word for permanent part-time employment
- A.
True
- B.
False
- 24.Job rotation maximizes opportunities for employee skill development.
- A.
True
- B.
False
- 25.Although some workers do not belong to unions, it is generally true that they benefit because of the existence of unions
- A.
True
- B.
False
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