WorksheetsIncome and Banking Unit
Total questions: 25
Worksheet time: 26mins
What is hourly wage?
The amount you earn in one day
The amount you earn per hour
The amount you earn per piece completed
How many regular hours are in one work week?
45
40
35
50
Any time worked over your regular time is called ____________
overtime
after hours
extra pay
bonus pay
Overtime pay is determined by: ____________________
adding the hours worked to the hours worked overtime
multiplying the hours worked by the hours worked overtime
multiplying the regular pay x 1.5
Total gross pay =
overtime pay - regular pay
regular pay - overtime pay
regular pay + overtime pay
regular pay x overtime pay
Rate of Pay= $15.00
Hours= 13
What is the gross pay?
195.00
$1.56
$194.00
$135.00
Rate of Pay= $22.00
Hours= 21
What is the gross pay?
$462.00
$400.00
$400.41
$4.00
The amount of your paycheck after deductions have been subtracted; your take - home pay is called
Gross Pay
Net Pay
Income
Commission
Salary employees are able to make overtime pay.
True
False
Income made based on completion of a sale is referred to as
Overtime pay
Bonus
Commission
Net Pay
I work 54 hours how many hours is overtime?
14
12
5
11
What is the time and a half rate for $30?
$45
$52
$34
Alice worked 45 hours this week. She gets paid $8.50 per hour for the first 40 hours and then gets time-and-a-half for the rest of the time. How much money did she make this week?
$484.64
403.75
404.25
304.57
A deduction is
gross income
money added to your income
net income
money taken out of your income
Non-wage compensation provided to employees is called
Employee benefits
Employee add-ons
Employee participation
Employee bonus
Betty earns $16.50 per hour and her benefits are 19% of her wages. When you include the value of her benefits package, how much does Betty earn per hour?
18.36
15.21
19.64
16.86
Barry earns a salary of $45,000 and her benefits are 23% of her wages. What is the value of Alice’s benefits?
12,360
10,350
11,111
9,578
A payment card issued by a bank that deducts money directly from a consumer's checking account to pay for purchases.
Credit Card
Debit Card
Charge Card
A written, dated and signed instrument that contains an order directing a bank to pay a definite sum of money to a payee.
Debit
Venmo
Paypal
Check
FDIC (Federal Deposit Insurance Corporation): the U.S corporation that insures deposits in the United States against bank failure up to what dollar amount.
350,000
50,000
250,000
150,000
What word disables a check so that it cannot be used?
VOID
CANCEL
DESTROY
DELETE
What color ink should you use for writing a check?
Pink
Blue or Black
Purple or Red
Red or Black
What do you call a sum of money that is placed in a bank account?
Endorsement
Deposit
Check
Reconciling
