Payroll

Joe worked 35 hours this week and earned $17.25 per hour. What is Joe's GROSS PAY?

• $603.75

• $595

• $54.25

• $522.50

You make $16.00 an hour at your full time job. Your overtime rate is time and a half. How much is your hourly overtime rate?

• $17.50

• $24.00

• $25.00

The total amount of income you earn in a pay period before any deductions are taken out

• Gross pay

• Net pay

• Wages

• Salary

An amount paid to your state government for state-funded programs and services.

• State taxes

• Federal taxes

• Local taxes

• City taxes

A retirement saving plan which allows employees to save and/or invest in preparation for retirement

• Social Security

• 405(K)

• Medicaid

• 401(K)

Monetary subtractions from the employee's gross pay

• Salary

• Wages

• Deductions

• Gross pay

An amount paid to an employee based on a percentage of the employee's sales is

• salary
• wages
• commission
• overtime

The total earnings paid to an employee after payroll taxes and other deductions

• gross pay
• net pay
• real pay
• deductions 

Which of the following is a BENEFIT?

• Vacation time

• Social Security

• Salary

• Private insurance

If an employer has a "matching" program for your 401(k) that means:

• They will match your saving contributions in your stock options.

• They match your salary to those in comparable companies.

• They will put money into your retirement account up to a certain amount to match what you put into it.

• They will match the amount of stocks you buy in the company which you plan to put towards retirement.