Hourly & Overtime Pay

Hourly & Overtime Pay

Assessment

Flashcard

Mathematics

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is gross pay?

Back

Gross pay is the total amount of money earned by an employee before any deductions such as taxes, insurance, or retirement contributions.

2.

FLASHCARD QUESTION

Front

How do you calculate gross pay for hourly employees?

Back

To calculate gross pay for hourly employees, multiply the number of hours worked by the hourly wage.

3.

FLASHCARD QUESTION

Front

What is considered overtime pay?

Back

Overtime pay is the compensation paid to employees for hours worked beyond the standard 40 hours per week, typically at a higher rate.

4.

FLASHCARD QUESTION

Front

What is the standard overtime pay rate in the U.S.?

Back

The standard overtime pay rate in the U.S. is 1.5 times the employee's regular hourly rate.

5.

FLASHCARD QUESTION

Front

If an employee works 66 hours in a week, how many hours are considered overtime?

Back

If an employee works 66 hours in a week, 26 hours are considered overtime (66 total hours - 40 regular hours = 26 overtime hours).

6.

FLASHCARD QUESTION

Front

How do you calculate overtime pay?

Back

To calculate overtime pay, multiply the number of overtime hours worked by the overtime rate (1.5 times the regular hourly rate).

7.

FLASHCARD QUESTION

Front

What is double time pay?

Back

Double time pay is when an employee is paid twice their regular hourly rate for hours worked, often used for overtime on holidays or special circumstances.

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