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WorksheetsPAY ME CORRECTLY!
Total questions: 20
Worksheet time: 11mins
Net income means
your income after tax
your income annually
your income before tax
your income tax
What does annually mean?
always
yearly
salary
wages
What are wages?
payment of work based on time and title
payment of work based on occupation
payment of work based on annual rate
payment of work based on hourly rate
What is the difference between gross pay and net pay?
hours
deductions
rate
allowances
How do you calculate from hourly rate, monthly income?
hourly rate by the number of hours then multiply by 4
hourly rate by the number of hours then multiply by 52 divide by 4
hourly rate by the number of hours then multiply by 2
hourly rate by the number of hours then multiply by 52 divide by 12
What does IRD stand for?
Information Revenue Department
Infamous Rebel Department
Inland Revenue Department
Interest Revenue Department
Which one is NOT a deduction from your pay?
PAYE
tool allowance
Kiwisaver
union fees
What does PAYE stand for?
Pay as You Employee
Pay as You Extra
Pay as You Enter
Pay as You Earn
What is an allowance?
compensation for work related costs
payments to IRD
extra income
costs that employees must pay
Is there a legal requirement to pay for over time?
Yes
No
Are employees entitled to four weeks paid annually holidays?
Yes
No
Employees are not entitled to get paid if they choose to work on public holidays. True or False.
True
False
Which one is NOT an allowance?
tool allowance
meal allowance
travel reimbursement
student loan
What does this code M SL stand for?
you have part time work as you have a student loan
you have mixture of jobs
you have a mature job and a student loan
you have one job and you have a student loan
What is a union?
an association that supports members of a specific trade
the joining group of employees and employers
the mixture of different trades
an organisation of trades helping the community
What is a debtor?
a person who dives
a person who pays money
a person who owes money
a person who has died
What is an attachment order?
an order on an important parcel?
an order to make deductions directly from someones income
an order to increase someone's income
an order to attach the payslip to IRD
Which rate is NOT a Kiwisaver rate?
3%
4%
7%
8%
How is Kiwisaver calculated?
a percentage on your net pay
a percentage on your savings
a percentage on your gross pay
a percentage on your tax
What does 'progressive taxes' mean?
taxes that are your retirement savings
taxes that are in the future
taxes that are not taxes
taxes that increase as you income increase
