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Chapters 5, 6
| Question | Answer |
|---|---|
| Form W-4 (Employee's Withholding Allowance Certificate) | used to make allowances for tax withholding purposes |
| federal | if you claim exempt status on you Form W-4 you will not have ____ taxes withheld from your paycheck |
| exempt | to instruct an employer to not withhold federal income taxes from your wages to claim ____ status |
| workers permit | some states require a ____ for workers under age 16, giving a parent's permission to work |
| minors | persons who are underage and are not considered adults are called ____ |
| Family/Medical Leave Act | the ____ is a law that allows employees to take unpaid leave for family and medical reasons |
| minimum wage | the legally established lower limit of wage rate that can be paid by employers is the ____ |
| allowances | reductions in the amount of tax withheld from your paychecks are known as ____ |
| Form W-2 | by January, 31 of the year following the year you were employed, an employer must mail to you a ____ showing you your total wages and withholdings while you were employed |
| Equal Pay act | the ____ is the law that prohibits unequal pay for men and women doing substantially similar work |
| unemployment insurance | an important part of the Social Security Act, ____ provides benefits to workers who lose their jobs through no fault of their own |
| workers' compensation | a program that provides financial security to workers and their families in the event of an on-the-job illness or injury is called ____ |
| Department of Labor | the ____ is the government body responsible for overseeing labor laws |
| Fair Labor Standards Act Wage and Hour Act | the ____ is a law enacted to set minimum wage and overtime hours |
| true | (T/F) the number of withholding allowances you claim on a W-4 will determine how much tax is withheld from your paycheck |
| false | (T/F) a Social Security card is issued by the Internal Revenue Service, an agency of the federal government |
| true | (T/F) a work permit application requires the signature of the applicant's parent or guardian |
| false | (T/F) when minors are working on the premises, no additional safety precautions are required |
| true | (T/F) unemployment insurance provides benefits to workers who lose their job through no fault of their own |
| true | (T/F) the minimum wage changes over time |
| true | (T/F) today, all 50 states have workers' compensation laws or statues |
| true | (T/F) as an employee, you must produce marketable work that is of such quality that the employer can sell it or use it favorable to represent the company |
| Form W-4 | the form used to determine the amount withheld from a paycheck for income taxes |
| Social Security Administration | a request is sent to this organization to see that a person's earnings have been properly credited to their account |
| age | to obtain a work permit, you must submit proof of your ____ |
| January 31 | employers must mail Form W-2 to someone by ____ of the year following the year in which the person worked |
| punctuality | arriving at work on time shows this personal quality |
| each company the person worked for in the previous year | Form W-2 is sent by ____ |
| dependability, initiative, and loyalty not fair human resource policies | employees owe their employers ____ |
| employers | premiums for unemployment compensation payments to laid-off workers are paid by ____ |
| 5 | a standard workweek is 40 hours in a __-day period of eight hours each day |
| benefits | a form of employee compensation, ____ are in addition to your paycheck |
| deductions | amounts, both required and optional, subtracted from gross pay are called ____ |
| net pay | when deductions are subtracted from gross pay, what is left is called ____ |
| incentive pay | profit sharing is a way to encourage employees to do more and better work, and is known as ____ |
| labor union | a group of people working in the same or similar occupations, organized for the benefit of all is a ____ |
| collective bargaining | the main functions of unions is ____, which is the process of getting together with employers to negotiate an employment contract |
| seniority | the principle of ____ states that the person who has worked the longest should be the last to be laid off |
| professional organization | the American Bar Association is an example of a ____, which is very similar to a labor union |
| lobbying | a effort made to influence legislation to the advantage of a profession is known as ____ |
| gross pay | the total or agreed-upon rate of pay or salary is called ____ |
| vested | a person is ____ when he or she is entitled to a retirement account balance when employment is terminated |
| flex time | a type of work schedule that allows employees to choose their working hours is known as ____ |
| job rotation | ____ is a technique used to train employees to be efficient in more than one specialized area |
| job sharing | when 2 people share what was originally a full-time position, it is called ____ |
| core time period | a ____ is the crucial time during the day when all employees are needed at work |
| true | (T/F) if the regular rate of pay is $5/hour, the overtime rate is $7.50/hour |
| true | (T/F) self-employed persons pay twice the Social Security and Medicare rates, for a total of 15.3% |
| true | (T/F) net pay is the result when you subtract required deductions from gross pay |
| true | (T/F) some types of deductions may be withheld from your paycheck without your written consent |
| true | (T/F) employee services are offered by companies to improve morale and working conditions |
| false | (T/F) profit sharing is an employee benefit required of all employees |
| false | (T/F) job sharing is a job design in which employees are trained to do more than one specialized task |
| false | (T/F) labor unions represent employees of all companies regardless of whether they belong to the union |
| false | (T/F) The American Bar Association is a professional organization for lawyers and doctors |
| true | (T/F) lobbying is a legal activity engaged in by many unions and professional organizations |
| federal income tax, state tax, Social Security tax not required: savings deposits | required deductions |
| employee discounts, tuition reimbursement, wellness programs not included: profit sharing | employee services include |
| profit sharing | a company plan whereby employees receive a portion of the earnings of the company |
| sick pay | a company allowance for full-time employees whereby they are paid even though they are absent for a set number of days |
| craft | railroad employees would belong to an ____ union |
| public-employee | teachers and police officers would belong to a ____ union |
| collective bargaining | the major function of labor unions is ____ |
| job rotation | a technique for training employees to be efficient in more than one specialized area |
| mediation | a decision facilitated by a neutral third part is called ____ |
Created by:
mkpoliz
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