Reading a Paystub Review of Presentation

What is the usual form of payment for labor or services according to a contract and on an hourly, daily, or piecework basis?

• Salary

• Tips

• Wages

• Commissions

Which form of periodic payment from an employer to an employee is most commonly specified in an employment contract?

• Wages

• Salary

• Tips

• Commissions

In the United States, what is the base wage paid to an employee who receives a substantial portion of their compensation from tips?

• Salary

• Wages

• Commissions

• Tips

What form of compensation is awarded for facilitating or completing a transaction?

• Salary

• Wages

• Tips

• Commissions

What is the current Federal Minimum Wage in Virginia (VA)?

• $7.25 & $10.00

• $7.25 & $12.00

• $8.00 & $12.00

• $7.50 & $12.00

How much is an employee entitled to for overtime pay if they work more than 40 hours in a week?

• 1.25 times the rate of pay per hour

• 1.5 times the rate of pay per hour

• 2 times the rate of pay per hour

• 1.75 times the rate of pay per hour

If Sally earns $12 an hour and works 48 hours in a week, how much will be on her check?

• $624

• $600

• $580

• $560

How is an annual salary typically paid according to an employer's pay structure?

• Weekly, bi-weekly, or semi-monthly

• Monthly, quarterly, or annually

• Daily, weekly, or monthly

• Bi-weekly, monthly, or quarterly

If Miguel earns a salary of $72,000 a year and his employer pays on a semi-monthly schedule, how much does he receive per pay period?

• $2,500

• $3,000

• $3,500

• $4,000

What does a pay schedule determine?

• The amount of money you earn

• How often you are paid by your employer

• The type of job you have

• The benefits you receive