14-1 Calculate Employee Earnings

What is the term used to describe the money paid to an employee for each hour of work provided?

• Salary

• Wage

• Commission

• Payroll

What is the term used to describe money paid to an employee as a percentage of revenue they helped generate?

• Salary

• Wage

• Commission

• Payroll

What term describes a fixed annual amount of money paid to an employee, normally in equal regularly scheduled increments?

• Wage

• Salary

• Commission

• Payroll

What is the primary purpose of the Fair Labor Standards Act (FLSA)?

• To provide health and safety regulations in the workplace

• To enforce minimum wage and overtime pay standards

• To compensate employees for workplace injuries

• To regulate workplace discrimination

Which act is responsible for providing a comprehensive and exclusive workers' compensation program?

• Occupational Safety and Health (OSH) Act

• U.S. Department of Labor (DOL)

• The Federal Employees' Compensation Act (FECA)

• Fair Labor Standards Act (FLSA)

According to the image, what is the minimum overtime pay required by law over an employee's normal wage?

• 50% more

• 75% more

• Double the normal wage

• The same as the normal wage

What is the minimum hourly wage that Company XYZ must pay Sandra, considering the local, state, and federal minimum wage rates provided?

• A) $13.00/hour

• B) $16.00/hour

• C) $7.50/hour

• D) The average of all three hourly wages

Which type of salaried worker can receive overtime pay for hours worked over 40 per week?

• A) Exempt

• B) Non-exempt

• C) Wage earners

• D) Commission workers

A lump sum payment to an employee based on achieving certain performance-oriented goals is called a/an __________.

• wage

• salary

• bonus

• pay period