New Apple Head-set with mic?

I have a pair of the new Apple head phones that came with my Iphone5 and it has a picture of a mic on the back of the volume control and I don't see a little hole for the mic. So I'm just a little confused. Is there a mic on it?

If you are talking about the iPhone earpods, then, yes, it has a mic. According to iFixit, the little hole was not only removed, it was never functional in the old earbuds.