Health Insurance Premiums and Deductibles Quiz

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30 Questions

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

Full time

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

Commission

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

14-15 years old

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

3 hours

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

Paid holidays

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

6 days

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

14 days

Which form is used to verify identity and employment authorization?

I-9

What is the purpose of the W-4 form?

To determine how much federal and state income tax gets taken out of your paycheck

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

Health Insurance

What is the difference between gross pay and net pay?

Gross pay is the amount earned for working during a pay period, while net pay is the amount you actually get after deductions

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

Health Insurance

What is the purpose of the Federal Income Tax?

To fund services provided by the federal government such as defense, human services, monitoring and regulation of trade

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

3

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

23 days

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?

97 days

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

72 days

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

Challenge

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

401k is offered by for-profit companies, while 403b is offered by nonprofit organizations

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

50% match up to the first 6%

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

Job 3

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

$2,917.50

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

$45,000

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

$2,450

How much does Jones pay for health insurance per year?

$1,020

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

$3,750.50

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

$262.92

How much does Jones pay for health insurance per month?

$85

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

$865.38

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

$153.85

Test your knowledge on health insurance premiums and deductibles with this quiz! Learn about the average monthly premiums for employer insurance, Medicare, and Medicaid, as well as the concept of deductibles and how they impact your insurance costs.

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