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Gross Pay Chapter 1 Flashcards | StudBud
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Gross Pay Chapter 1
Gross Pay Chapter 1
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A #math and #vocabulary approach to Money Management Chapter 1. #GrossPay
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Adam is paid $60,450 per year. What is his biweekly salary?
$2,518.75
$3,358.33
$2,325
$5,037.50
2
Monetary compensation for completion of individual tasks.
Straight-time pay
Complimentary pay
Piecework
Abundant pay
3
Someone who is paid semimonthly receives how many paychecks per year?
12
26
52
24
4
Sue is paid $9.50 per hour. What was her gross pay if she worked 38 hours?
$361
$336.75
$316
$356
5
Under federal law, how many hours per week must one work to begin receiving overtime pay?
38
40
45
36
6
Payment based on a percentage of monthly sales is called...
Cooperative pay
Contingent pay
Compensation
Commission
7
Amount of money paid for working more than 40 hours per week.
Gross pay
Overtime pay
Straight-time pay
Net pay
8
Someone who is paid biweekly receives how many paychecks per year?
104
52
24
26
9
If a person sells $1,000 worth of merchandise, how much is 8% commission?
$80
$800
$400
$40
10
Amount of money received by an employee prior to withholdings, deductions, and taxes.
Net pay
Gross pay
Straight time pay
Overtime pay
11
Under federal law, the minimum wage is...
$10.10 per hour
$12 per hour
$7.25 per hour
$15 per hour
12
What is the minimum required pay adjustment for overtime pay?
Triple Time
Time and a half
Double time
Single Time
13
Ken is paid $4 per part assembled. If he assembled 280 parts, what is Ken's gross pay?
$1,120
$280
$920
$1,200
14
The amount of money paid for hourly work less than 40 hours per week.
Time and a half
Overtime pay
Gross pay
Straight-time pay
15
Tom worked 42 hours. If he is paid $8 per hour plus time and a half, what is his gross pay?
$336
$320
$344
$380
