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Understanding Employee Compensation

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Non-exempt employees who receive wages are paid _____.

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1. Stock options are considered _____

2. Jonas, the owner of a small engine repair shop, is going to give all of his employees a paid day off on New Year's Eve if profit goals for the year are achieved. This form of compensation is called:

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About This Quiz & Worksheet

The interactive worksheet addresses the different forms of financial compensation a business may provide its employees. Learn about payment methods and employee perks, then use the printable quiz to help you reinforce the lesson.

Quiz & Worksheet Goals

Use these assessments to evaluate your understanding on:

  • Financial compensation types
  • How and when employees get compensated
  • Hourly pay versus salary
  • How bonuses work

Skills Practiced

This worksheet and quiz let you practice the following skills:

  • Critical thinking - apply relevant concepts to examine information about employee compensation in a different light
  • Defining key concepts - ensure that you can accurately define main terms, such as benefits and wages
  • Distinguishing differences - compare and contrast topics from the lesson, such as indirect compensation and direct compensation
  • Knowledge application - use your knowledge to answer questions about employee compensation

Additional Learning

To learn more, review the accompanying lesson titled Understanding Employee Compensation. The lesson covers the following objectives:

  • Discover the different methods of employee payments
  • Know key terms like salary, bonuses, and stock options
  • Learn about employee benefits
  • Address exemptions and non-exemptions
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