U4 - Paychecks

What is disposable income?

• Income before taxes

• Income after taxes

• Income from investments

• Income from bonuses

How are most young adult workers paid?

• Monthly salary

• Hourly wage

• Annual bonus

• Commission

According to the Fair Labor Standards Act, what is the minimum rate for overtime pay?

• Equal to regular pay

• One and one-half times the regular rate

• Double the regular rate

• Triple the regular rate

How often are workers paid in a weekly pay period?

• Once per month

• Once per week

• Every two weeks

• Twice per month

What is Terry's semi-monthly pay if he earns $46,000/year?

• $1,916.67

• $2,000.00

• $1,800.00

• $2,500.00

How many overtime hours did Chris work last week?

• 11 hours

• 9 hours

• 13 hours

• 15 hours

How many total hours did Chris work last week?

• 51 hours

• 40 hours

• 45 hours

• 55 hours

What is the regular pay rate for Chris?

• $8.15/hour

• $8.00/hour

• $9.00/hour

• $7.50/hour

How many paychecks does Terry receive in a year?

• 24 paychecks

• 12 paychecks

• 26 paychecks

• 52 paychecks

What is the regular pay amount for Olivia's 40 hours of work?

• $320.00

• $300.00

• $340.00

• $360.00