Pay and Tax

How is a wage calculated?

• By multiplying the rate per hour by the number of hours worked

• By dividing the total hours worked by the rate per hour

• By subtracting the number of hours worked from the rate per hour

• By adding the rate per hour to the number of hours worked

What is a salary?

• A percentage of sales paid to a salesperson

• A payment for extra hours worked

• A monthly or annual fixed payment to employees

• A payment based on the number of items produced

What is PayPath?

• A type of salary deduction

• A bonus payment for employees

• A method of calculating wages

• An electronic method of transferring payment

What does basic pay refer to?

• The total income before deductions

• The amount earned for the normal working week

• The income after all deductions

• The payment for overtime hours

What is piece rate?

• A payment based on the number of items produced

• A deduction from gross pay

• A fixed monthly payment

• A percentage of sales

What is overtime?

• A deduction from gross pay

• A fixed annual payment

• A percentage of sales

• A payment for any extra hours worked

What is commission?

• A deduction from gross pay

• A fixed monthly payment

• A payment for extra hours worked

• A percentage of sales paid to a salesperson

What is gross pay?

• The amount earned for the normal working week

• The payment for overtime hours

• The income after all deductions

• The total income before deductions

What is a deduction?

• A fixed monthly payment

• A bonus payment

• A sum of money taken from gross pay

• A sum of money added to gross pay

What are statutory deductions?

• Optional deductions, like health insurance

• A bonus payment for employees

• A payment for extra hours worked

• Deductions that must be paid, like income tax