Warm- Up: Understanding Pay: Gross vs Net

Which number sentence correctly calculates the gross pay for an employee who works 40 hours at a rate of $15 per hour?

An employee works 45 hours in one week. If the regular hourly wage is $20 and overtime is paid at 1.5 times the regular rate, which number sentence calculates the total gross pay for the week?

If your annual salary is $26,000 and you are paid monthly, which number sentence would you use to determine the amount of each paycheck?

Which of the following best describes the difference between gross pay and net pay?

• Gross pay is after deductions; net pay is before deductions.

• Gross pay is before deductions; net pay is after deductions.

• Gross pay and net pay are the same.

• Net pay is always higher than gross pay.

A person works 42 hours in a week at $12 per hour. Overtime is paid at double the regular rate for hours over 40. What is the total gross pay for the week?

Which of the following is an example of a deduction that would reduce your net pay?

• Overtime pay

• Health insurance premium

• Bonus

• Base salary