Trivia Flashcards

What does the term 'gross pay' mean on a U.S. paycheck?

Answer: Pay before any taxes or deductions are taken out

Gross pay is the total amount earned before taxes, insurance premiums, retirement contributions, or any other deductions are subtracted.

Which U.S. law requires employers with 50 or more employees to offer health insurance or face a penalty?

Answer: The Affordable Care Act (ACA)

The Affordable Care Act's employer mandate requires applicable large employers (50+ full-time equivalents) to offer minimum essential health coverage or pay a tax penalty.

In U.S. business culture, what does it mean to 'table' a discussion during a meeting?

Answer: To postpone or set aside a topic for a later time

In American English, to 'table' something means to postpone it — the opposite of British English, where it means to bring it forward for discussion.

What is a '401(k)' plan?

Answer: An employer-sponsored retirement savings account with tax advantages

A 401(k) is an employer-sponsored, tax-advantaged retirement savings plan that allows employees to contribute pre-tax income from their paychecks.

Which of the following best describes 'professional references' in a job application?

Answer: People who can vouch for an applicant's work performance and character

Professional references are individuals — typically former supervisors or colleagues — who can speak to an applicant's skills, work ethic, and professional conduct.

Which U.S. federal minimum wage has been in effect since 2009?

Answer: $7.25 per hour

The federal minimum wage has been $7.25 per hour since July 24, 2009, though many states and localities have set higher minimums.

In a U.S. hiring context, which question is generally illegal for an employer to ask during an interview?

Answer: 'What is your religion?'

Asking about a candidate's religion violates Title VII of the Civil Rights Act, as it could lead to discriminatory hiring decisions based on a protected characteristic.