AS Payment Schemes

AS Payment Schemes

12th Grade

5 Qs

quiz-placeholder

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AS Payment Schemes

AS Payment Schemes

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Ross Cornes

Used 1+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Eight employees work in a team. Each employee is paid $16 an hour and the team share a group bonus between them, which is based on their output of product. For any production in excess of 500 units the team, as a group, is paid a bonus of $8 per unit. The bonus is shared equally and paid on a weekly basis.

Last week each member of the team worked 40 hours, and the team as a whole produced

560 units.

What is the pay of each member of the team?

$700

$760

$1120

$1200

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An employee is paid $20 an hour basic pay for working 8 hours a day. Overtime is paid at the rate of a time and a half. A bonus is also paid of $40 for each unit produced in excess of 10 units

a day.

Yesterday the employee worked 10 hours and produced 11 units.

What was the employee’s pay for the day?

$220

$260

$620

$660

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A company’s production team has four employees. Each employee is paid a basic rate of $20 an hour.

The team also shares a bonus between them, based on their output. For any production in

excess of 200 units, the team is paid a bonus of $8 per unit. This bonus is shared equally.

Last week each member of the team worked 35 hours, and the team as a whole produced 250 units.

What was the pay of each member of the team last week?

$800

$945

$1050

$1200

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A company’s production workers are paid $16 an hour basic pay for working 7 hours a day.

Overtime is paid at the rate of a time and a quarter (basic pay plus 25%). An additional bonus is also paid at the rate of $4 per unit for output in excess of 20 units per day.

On Monday one employee worked 10 hours and produced 25 units.

What is the employee’s pay for Monday?

$192

$220

$272

$300

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

An employee worked a normal 35-hour week and was paid $15 per hour. He also worked 5 hours of overtime which was paid at $20 per hour and received a bonus of $50.

What was his total pay for the week?

$525

$600

$625

$675