1) Which of the following best describes the money you get paid for doing a job? a) Earnings b) Income c) PAYE 2) If Elly earns £6.35 an hour, she is likely to be earning: a) A wage b) A salary 3) The minimum wage ONLY applies to employees in the UK aged 18 and over a) True b) False 4) People only pay income tax once they have earned more than their personal allowance? a) True b) False 5) In addition to income tax, what contributions do people have to pay depending on how much they earn? a) EMA b) NI c) PAYE 6) The amount that an employed person earns before tax and other deductions is their: a) Gross income b) Net income c) Disposable income 7) Some employers divide the working day into different time periods. What is the name for each of these different periods? a) A break b) A contract c) A shift 8) Employers do not need to give employees a payslip with their salary or wages. a) True b) False 9) For what purpose does the government use some of the money collected via National Insurance contributions? a) Armed forces b) Tax rebates c) State pensions 10) Why might a seller receive negative feedback in an online auction? a) They sent the item quickly and described it accurately b) They included an accurate photo with the item description c) They sent the item quickly but did not describe it accurately

Unit 1 Topic 2: Quiz

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