Gross Income Quiz

What is gross income?

• Income after deductions and taxes.

• Net income after taxes.

• Total income after deductions.

• Total income before deductions or taxes

If an employee works 40 hours in a week and earns $15 per hour, what is their gross income?

• $600

• $1000

• $400

• $800

What is an hourly rate?

• The hourly rate is the amount of money charged or paid for each hour of work.

• The hourly rate is the amount of money charged or paid for each day of work.

• The hourly rate is the amount of money charged or paid for each month of work.

• The hourly rate is the amount of money charged or paid for each week of work.

If an employee works 50 hours in a week and earns $20 per hour, what is their gross income?

• $500

• $750

• $1500

• $1000

What is straight time pay?

• Overtime pay for working more than standard hours.

• Salary paid on a monthly basis.

• Regular hourly wage rate for standard work hours

• Compensation for working on weekends or holidays.

If an employee works 45 hours in a week and earns $18 per hour, what is their gross income?

• $720

• $900

• $1,000

• $810

If an employee works 35 hours in a week and earns $25 per hour, what is their gross income?

• $350

• $1000

• $500

• $875

What is the definition of overtime pay?

• Overtime pay is the additional compensation given to employees for working more than the standard hours.

• Overtime pay is the salary paid on a monthly basis.

• Overtime pay is the regular hourly wage rate for standard work hours.

• Overtime pay is the compensation for working on weekends or holidays.

If an employee works 55 hours in a week and earns $25 per hour, what is their gross income?

• $1,000

• $1,375

• $1,250

• $1,500

If an employee works 30 hours in a week and earns $20 per hour, what is their gross income?

• $400

• $600

• $700

• $800