True/False
Indicate whether the sentence or statement is true
or false.
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1.
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To determine
your gross pay when you receive an hourly wage, you multiply your hourly rate by the number of
regular hours worked.
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2.
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Annual
salary refers to the amount of pay to be received each month.
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3.
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Overtime
wages are usually calculated at twice the regular hourly rate.
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4.
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A standard
workweek is 40 hours in a five-day period of 8 hours each day.
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5.
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Social
security tax is an example of a required deduction from your paycheck.
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6.
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The amount
left after all deductions have been subtracted from gross pay is known as net pay.
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7.
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Regular
wages or salary plus overtime wages equals gross pay.
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8.
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Self-employed people do not have to pay social security and Medicare
taxes.
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9.
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Federal tax
is an optional deduction from your paycheck.
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10.
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Flextime is
another word for permanent part-time employment.
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11.
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Your written
consent must be obtained for deductions, both required and optional, to be withheld from your
paycheck.
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12.
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The core
time period of most companies is between 7 a.m. and noon on weekdays and weekends.
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13.
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Job rotation
maximizes opportunities for employee skill development.
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14.
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Although
some workers do not belong to unions, it is generally true that they benefit because of the existence
of unions.
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15.
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Labor unions
and professional organizations are the same thing.
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16.
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Some
companies will allow a leave of absence to employees who want to complete their
education.
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17.
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Cafeteria-style benefits allow workers to base their job benefits on personal
needs.
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18.
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A typical
health insurance plan has an employer-paid amount called a deductible.
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19.
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An
explanation of pay computations and deductions must be provided with each paycheck.
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20.
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A stock
purchase option is not considered an incentive to improve performance.
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Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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21.
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Truck
drivers belong to which type of labor union? a. | Craft | c. | Public employee | b. | Industrial | d. | Professional | | | | |
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22.
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Training
employees to be efficient in more than one skill is called ____. a. | Flextime | c. | Job
rotation | b. | Job sharing | d. | Overtime | | | | |
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23.
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Which is not
a major function of labor unions? a. | Recruit new members | c. | Provide support services for members | b. | Oversee collective
bargaining | d. | Administer exams and
accreditations | | | | |
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24.
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The right of
a person hired first to be fired last is called ____. a. | A fringe
benefit | c. | Seniority | b. | Sick leave | d. | A work incentive | | | | |
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25.
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Which of the
following is not a type of retirement plan? a. | Pension | c. | Bonus | b. | 401(k) | d. | 403(b) | | | | |
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26.
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When
employers and union officials cannot agree on the terms of a new labor contract, the result is often
____. a. | A
violation | c. | Overtime | b. | A strike | d. | Extra pay | | | | |
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27.
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The American
Dental Association is an example of which of the following? a. | A labor
union | c. | A professional
organization | b. | A management group | d. | A mediator | | | | |
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28.
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Which of the
following workplace trends allows flexibility for employees in work hours? a. | Job
rotation | c. | Family
leave | b. | Job sharing | d. | Flextime | | | | |
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29.
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The amount
of your take-home pay is also known as ____. a. | Gross pay | c. | Net pay | b. | Required deductions | d. | Optional deductions | | | | |
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30.
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Which of the
following is not a required employee deduction? a. | Overtime pay | c. | Federal taxes | b. | State
taxes | d. | Social
security | | | | |
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Matching
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For each
description listed below, find the corresponding term. a. | Job
sharing | h. | Collective
bargaining | b. | Industrial unions | i. | Gross pay | c. | Lobbying | j. | Lawyers | d. | Doctors | k. | Overtime | e. | Labor unions | l. | Job rotation | f. | New member
recruitment | m. | Net
pay | g. | Craft
unions | n. | Bonus | | | | |
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31.
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Groups of
workers joined together for a common cause.
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32.
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The main
purpose of labor unions.
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33.
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Membership
limited to those in a trade, such as carpenters.
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34.
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Membership
of skilled, semiskilled, or unskilled workers.
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35.
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Those who
can belong to the American Medical Association.
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36.
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A technique
used to train employees in new areas.
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37.
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A motivation
strategy in which two people share what used to be one job.
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38.
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Efforts in
support of legislation that would benefit an organization.
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39.
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Total
agreed-upon pay, before deductions are taken.
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40.
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Hours worked
in addition to regular hours.
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Short Answer:
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41.
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Explain the following forms of union membership.
Agency Shop:
Closed Shop:
Open Shop:
Union Shop:
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42.
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List
THREE Union Options and THREE Management Options when the collective bargaining process is at
impasse.
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43.
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List
EIGHT (8) examples of Benefits & Incentives.
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44.
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1.
Compute the following gross pay for this given situation:
a. Regular hours worked:
40
Overtime hours 12
Regular rate of pay: $7.15 an
hour
2. Go to the Internal Revenue Service Web site at
www.irs.gov. Search “Forms & Publications” to locate this year’s weekly
withholding table for single & married persons. Then, find the federal withholding amounts
for each of the following cases:
a. Married-two allowances, who made $1250 last
week.
b. Single-zero allowances, who
made $1600 last week.
3. Compute the
following for a self-employed person who made $48,000 this year:
a. Social Security
tax
b. Medicare tax
c. Self-employement tax
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