Understanding Net Wage, Overtime, and Weekly Income

Understanding Net Wage, Overtime, and Weekly Income

12th Grade

13 Qs

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Understanding Net Wage, Overtime, and Weekly Income

Understanding Net Wage, Overtime, and Weekly Income

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Easy

Created by

Mark Mcpherson

Used 2+ times

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13 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

John works 40 hours a week at an hourly rate of $15. If he works 5 hours of overtime at a rate of 1.5 times his regular hourly rate, what is his gross pay for the week?

$712.50

$721.05

$725.12

$750.12

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an employee's gross pay is $871 and the total deductions (taxes, insurance, etc.) are $219, what is the net pay?

$565

$652

$725

$562

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Samantha works 45 hours in a week. Her regular hourly wage is $20. How much does she earn in overtime pay alone?

$100

$150

$200

$300

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An employee's gross pay is $951.94, and they have the following deductions: $274.92 for federal tax, $54.82 for state tax, and $117.53 for health insurance. What is their net pay?

$504.67

$697.34

$540.67

$504.76

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If an employee works 38 hours at an hourly rate of $18.65 and has a state tax rate of 5.75%, what is their Weekly Net pay?

$584.82

$584.67

$548.68

$548.68

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A worker earns $22 per hour and works 50 hours in a week. The overtime rate is double the regular rate. What is the total overtime pay?

$440

$660

$880

$1,100

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the total deductions from an employee's gross pay of $1,200 are 25%, what is the net pay?

$800

$900

$1,000

$1,200

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