Health Insurance Premiums and Deductibles Quiz
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Questions and Answers

According to the text, which type of employment offers full benefits and perks?

  • Temporary
  • Full time (correct)
  • Part time
  • Contract

    • According to the text, which type of income is based on sales performance?

  • Commission (correct)
  • Salary
  • Hourly
  • Bonus

    • According to the text, which age group has a limit on the number of hours they can work?

  • Over 16 years old
  • No age limit
  • 14-15 years old (correct)
  • 18 years and older

    • According to the text, what is the maximum number of hours a 14-15 year old can work on a non-school day?

    <p>3 hours</p> Signup and view all the answers

    According to the text, which type of job perk is NOT mentioned?

    <p>Paid holidays</p> Signup and view all the answers

    According to the text, how many days of vacation and sick days are combined at HHS?

    <p>6 days</p> Signup and view all the answers

    According to the text, how many days of vacation and sick days are combined at Amazon?

    <p>14 days</p> Signup and view all the answers

    Which form is used to verify identity and employment authorization?

    <p>I-9</p> Signup and view all the answers

    What is the purpose of the W-4 form?

    <p>To determine how much federal and state income tax gets taken out of your paycheck</p> Signup and view all the answers

    Which of the following is NOT a mandatory deduction from your paycheck?

    <p>Health Insurance</p> Signup and view all the answers

    What is the difference between gross pay and net pay?

    <p>Gross pay is the amount earned for working during a pay period, while net pay is the amount you actually get after deductions</p> Signup and view all the answers

    Which of the following is NOT an optional deduction from your paycheck?

    <p>Health Insurance</p> Signup and view all the answers

    What is the purpose of the Federal Income Tax?

    <p>To fund services provided by the federal government such as defense, human services, monitoring and regulation of trade</p> Signup and view all the answers

    Which of the following is NOT a withholding exemption on the State WT-4 form?

    <p>3</p> Signup and view all the answers

    According to the text, what is the average number of vacation and 'sick' days taken by employees at HHS, Kohls, US Bank, and Amazon?

    <p>23 days</p> Signup and view all the answers

    Based on the information provided, what is the total number of days off an employee at HHS gets, including national holidays, Independence Day, Labor Day, vacation, and 'sick' days?

    <p>97 days</p> Signup and view all the answers

    According to the text, how many more days off does an employee at HHS get compared to the average full-time employee?

    <p>72 days</p> Signup and view all the answers

    According to the text, what is the most important thing to you in a job?

    <p>Challenge</p> Signup and view all the answers

    According to the text, what is the difference between a 401k and a 403b?

    <p>401k is offered by for-profit companies, while 403b is offered by nonprofit organizations</p> Signup and view all the answers

    According to the text, what is the matching plan for Job 1?

    <p>50% match up to the first 6%</p> Signup and view all the answers

    Based on the information provided, which job has the highest total contribution to the retirement plan?

    <p>Job 3</p> Signup and view all the answers

    Jones earns a total of $45,000 per year from her two jobs. How much does she earn per month from her secretary job?

    <p>$2,917.50</p> Signup and view all the answers

    What is the total amount Jones earns per year from both jobs?

    <p>$45,000</p> Signup and view all the answers

    If Jones contributes 7% of her salary to retirement, how much does she contribute per year?

    <p>$2,450</p> Signup and view all the answers

    How much does Jones pay for health insurance per year?

    <p>$1,020</p> Signup and view all the answers

    What is the total amount Jones earns per month from both jobs?

    <p>$3,750.50</p> Signup and view all the answers

    If Jones contributes 7% of her salary to retirement, how much does she contribute per month?

    <p>$262.92</p> Signup and view all the answers

    How much does Jones pay for health insurance per month?

    <p>$85</p> Signup and view all the answers

    What is the total amount Jones earns per week from both jobs?

    <p>$865.38</p> Signup and view all the answers

    What is the total amount Jones earns per day from both jobs?

    <p>$153.85</p> Signup and view all the answers

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