Remuneration

Remuneration

by Shauna-Kay Herah

Multiple Choice

_______ time refers to the time for which wages are paid without any production

• Over

• Under

• Excess

• Idle

Multiple Choice

Frank earns $18 per hour weekly. He normally works 40 hours per week. For one week, he was idle for 3 hours due to material shortage.

The direct labour is

• $666

• $720

• $774

• $828

Multiple Choice

Which method of remuneration is being described - staff are paid for each item they make

• Time rate
• Bonus scheme
• Commission
• Piece rate

​ANSWER

​¢Jane works a normal work week of 40 hours and is paid a normal rate of $800 per hour. Hours in excess of 40-hours is considered overtime and is paid at time and a half of the normal rate. Calculate Jane’s pay if she worked 55 hours.

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Basic pay : $800 * 40 = $32000

        Overtime pay : $800 X 1.5 X 15 = $18000

           Jane’s Total pay = $32000 + $18000 = $50000

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Multiple Choice

Alice worked 52 hours this week. She gets paid $9.35 per hour for the first 40 hours and then gets time-and-a-half for the rest of the time. How much money did she make this week?

• $484.64
• $374.00
• $388.03
• $542.30

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Multiple Choice

Alivia sells jewelry. She make a total of 12% of commission off of her sales. How much commission Alivia make when she sells $22,540 worth of jewelry.

• $304.80

• $450.80

• $2,704.80

Multiple Choice

Mr. Ryan sells $26,012 worth of dish equipment. His rate of commission is 4.8%. He also receives a base salary of $380. What is his gross pay?

• $1,628.58

• $1,248.58

• $1,558.80

Multiple Choice

A ________________ is a fixed amount of money paid each pay period regardless of the amount of hours worked.

• Hourly rate

• Salary

• Weekly wage

Multiple Choice

Randy gets fixed salary of $2000 per month and a commission of 2% on sales. If his total sales are $30,000 for the month, find his total salary for the month.

• $2,600

• $2,000

• $32,000

• $2,040

Multiple Choice

Which method of remuneration is being described - extra payment is made for working beyond the normal hours expected (basic rate plus a fraction of basic e.g. 1/3, 1/5).

• Overtime
• Bonus scheme
• Commission
• Piece rate

Multiple Choice

Which method of remuneration is the following an advantage of:- can encourage sales staff to increase the number and value of purchases made by customers as they receive a % of its value.

• Time rate
• Bonus scheme
• Commission
• Piece rate