Self Assessment Quizzes

CHAPTER 12: Section 2 Payroll Deductions

	1.	Amounts subtracted from gross wages are called

		a.	earnings
		b.	deductions
		c.	bonuses
		d.	commissions

	2.	An employee can reduce the amount of income tax withheld by increasing

		a.	income
		b.	overtime
		c.	allowances
		d.	deductions

	3.	A 401(k) plan would be

		a.	a mandatory deduction
		b.	a voluntary deduction
		c.	an allowance
		d.	a taxable deduction

	4.	Another name for the Employee`s Withholding Allowance Certificate is

		a.	W-2
		b.	1099
		c.	W-3
		d.	W-4

	5.	Social security tax is also called

		a.	SDI
		b.	WWF
		c.	FICA
		d.	STS

	6.	Taxes that are required to be withheld from an employee`s pay check are called

		a.	required by law deductions
		b.	voluntary deductions
		c.	write-offs
		d.	allowances