Payroll test

Gross pay equals

• net pay - taxes

• gross pay x taxes

• hours worked x hourly wage

• taxes x 20%

Overtime pay is calculated by?

• x2

• x1.5

• x1

• same pay

Is net pay before or after taxes?

• Before

• same

• after

• gross pay

Net pay equals =

• gross pay x taxes

• gross pay - tax amount

• net pay - taxes

• hours x wage

is gross pay before or after taxes

• after

• before

• taxes

• net pay

If I get paid weekly how many hours must I work before I can get overtime?

• salary

• 20

• 80

• 40

What is the formula to calculate overtime?

• overtime hours x overtime wage

• hours x wage

• net pay - tax amount

• x1.5

What is a salary?

• hourly pay

• weekly pay

• bi weekly

• annual pay

Taxable amount =

• net pay x taxes

• gross pay x taxes

• gross pay - taxable amount

• hour x wage

If you get a salary and you get paid BI WEEKLY, what number do you divide by to get your gross pay?

• 52

• 12

• 22

• 26