Understanding Pay and Benefits - 6.1

What is the total amount you earn before any deductions are subtracted from your pay

• Regular Pay

• Hourly Wage

• Gross Pay

• Net Pay

How do figure hourly wages

• Rate X Hours Works

• Days X Hours

• Hours Works X Gross Pay

• Rates X Overtime Hours

Net Pay and Gross Pay are the same

• True

• False

What is a standard work day?

• 5 - 7 hours

• 6 - 8 hours

• 8 hours a day

• 8 continuous hours with scheduled breaks and unpaid lunch

What is time worked beyond the regular hours

• Gross Pay

• Net Pay

• Overtime Pay

• Comp Time

What is a standard work week?

• 40 hours in 7 days

• 30 - 35 hours in a week

• 25 - 45 hours in a week

• 40 hours in a five-day period of 8 hours each day

When over 40 hours have been worked, what is the formula to calculate pay?

• Regular Pay X 2

• Regular Pay X 3

• Regular Pay + Overtime Pay

What says that employers must pay hourly employees overtime at the rate of 1 ^1/2 times the rate?

• Fair Labor Laws

• Fair Working Policy

• Fair Labor Standards Act

• Children's Labor Law

Overtime rate can only be 1 ^1/2

• True

• False

What does YTD mean on your pay stuff

• Years to Date

• Year-to-date

• Year-to-be Determined