Pay, Benefits, and Working Conditions (FL1)

The total amount you earn before any deductions

• gross pay

• overtime pay

• net pay

• salary pay

A type of leave that requires advance notice/permission from the employer and does not provide pay

• sick leave

• vacation leave

• a leave of absence

• a holiday

Overtime is calculated by multiplying the regular rate of pay by what?

• 1.25

• 1.5

• 1.75

• 2

Which payroll deduction would be mandatory?

• dental insurance

• retirement plan

• charitable donation

• Federal tax

A work schedule that allows employees to work 40 hours in fewer than 5 days

• flextime

• job sharing

• telecommuting

• compressed workweek

Who contributes to Social Security taxes?

• Only the employer

• Only the employee

• Both the employer and the employee

• Neither the employer or the employee

Which is NOT a common paid holiday?

• Halloween

• Christmas

• Thanksgiving

• Fourth of July

If an employee has become vested, this means

• they have worked for at least 5 years.

• they are contributing to a 401(k) retirement account.

• they have worked for a specified number of years and have earned a right to their pension.

• they have earned stock options.

Which payroll deduction would be voluntary?

• Federal tax

• state tax

• Medicare tax

• retirement plan

A work schedule that allows employees to choose working hours within defined limits

• flextime

• job sharing

• telecommuting

• compressed workweek