FL U2 Gross Pay and Net Pay

Which formula is used to calculate overtime rate?

• Regular hourly rate x 1.5

• 1.5 x Overtime rate

• Overtime rate x Overtime hours

• Regular hourly rate x Overtime rate

What is Sam's gross monthly pay if he has a $32,000 salary?

• $2,666.66

• $888.88

• $8,000.00

• $615.38

Given an annual salary of $66,000, calculate weekly gross pay.

• $1,320.00

• $5,500.00

• $16,500.00

• $1,269.23

Given a monthly salary of 4,200, calculate weekly gross pay.

• $350.00

• $1,050.00

• $1,062.50

• $80.76

Given

45.0 hours worked

$12.50 Regular Rate of Pay

Calculate the gross pay

• $507.50

• $562.50

• $593.75

• $561.75

Given

40.0 hours worked

1 Overtime

$11 Regular Rate of Pay

Calculate the gross pay

• $451.00

• $456.50

• $441.50

• $460.00

Given

38 hours worked

$9.50 Regular Rate of Pay

Calculate the gross pay

• $342.00

• $275.50

• $541.50

• $361.00

• $285.00

Derrick is paid weekly, has a monthly salary of $3,900, overtime rate of $15.00, and worked 4 overtime hours.

Calculate Derrick's weekly pay.

• $1,015.00

• $1,035.00

• $997.50

• $1.065.00

Which of the following is an optional deduction?

• Federal tax

• Social security tax

• Medicare tax

• Dental benefits

Which of the following is deducted from gross pay to calculate net pay?

• Salary

• Hourly wages

• Overtime pay

• Health insurance

• Monthly bonus