Paycheck Calculation Quiz

What is gross pay?

• Total amount earned before deductions

• Net pay after deductions

• Amount earned after taxes

• Total amount earned after deductions

Tags

CCSS.6.NS.B.3

How is gross pay calculated?

• By subtracting the number of hours worked from the hourly rate of pay.

• By dividing the number of hours worked by the hourly rate of pay.

• By adding the number of hours worked to the hourly rate of pay.

• By multiplying the number of hours worked by the hourly rate of pay and adding any additional earnings or bonuses.

Tags

CCSS.7.EE.B.3

What are deductions and withholdings?

• Amounts taken out of an individual's paycheck to cover personal expenses.

• Amounts paid by an individual to cover medical expenses.

• Amounts given to an individual as a bonus or incentive.

• Amounts taken out of an individual's paycheck to cover taxes, insurance premiums, retirement contributions, or other authorized expenses.

Give an example of a deduction from a paycheck.

• Taxes

• Overtime pay

• 401(k) contributions

• Health insurance

Tags

CCSS.6.RP.A.3B

What is net pay?

• The amount of money an employee earns before deductions.

• The amount of money an employee receives as a bonus.

• The amount of money an employee owes to the company.

• The amount of money an employee takes home after deductions.

Tags

CCSS.6.NS.B.3

How is net pay calculated?

Tags

CCSS.6.RP.A.3D

What is overtime pay?

• Extra vacation days for working more than regular hours.

• A penalty for working more than regular hours.

• A reduction in pay for working more than regular hours.

• Additional compensation for working more than regular hours.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

How is overtime pay calculated for hourly employees?

• Multiply hourly wage by 2 and then by the number of hours worked over 40.

• Multiply hourly wage by 1.25 and then by the number of hours worked over 40.

• Multiply hourly wage by 1.75 and then by the number of hours worked over 40.

• Multiply hourly wage by 1.5 and then by the number of hours worked over 40.

Tags

CCSS.6.RP.A.3B

What is the difference between salary and hourly pay?

• Salary is a fixed amount paid regularly, while hourly pay is based on the number of hours worked.

• Salary is only given to part-time workers, while hourly pay is given to full-time workers.

• Salary and hourly pay are the same thing.

• Salary is based on the number of hours worked, while hourly pay is a fixed amount paid regularly.

Which type of pay is more common: salary or hourly?

• hourly

• salary

• weekly

• monthly