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Worksheets

wages and salaries

Total questions: 25

Worksheet time: 14mins

Name
Class
Date
1.
Who pays over the taxes deducted from an employees salary?
a)
The Employee
b)
The Labour Broker
c)
The Employer
d)
The Bank
2.

Wage earners can substantially increase their earnings by?

a)

Not contributing to a medical aid fund

b)

Going off sick and claiming Statutory Sick pay

c)

Going on holiday

d)

Working overtime

3.

Which amount will be paid into the employees account?

a)

Gross salary

b)

Net Salary

c)

Deductions

d)

Contributions

4.

Amount of money paid for each hour of work

a)

salary

b)

hourly rate

c)

commission

d)

piecework

5.

Money paid for hourly work

a)

tip

b)

time card

c)

salary

d)

wage

6.

Payment of 2 times the regular hourly rate

a)

Annual Wage

b)

Hourly Rate

c)

Time and a half

d)

Double Time

7.

Payment of 1.5 times the regular hourly rate

a)

Salary

b)

Annual Wage

c)

Double Time

d)

Overtime

8.

Work paid according to the number of units completed

a)

Piecework

b)

Hourly rate

c)

Bonus

d)

Wage

9.

Minimum Wage

a)

Payment of 1.5 times the regular hourly rate

b)

Least hourly rate that a worker can legally be paid

c)

Annual Salary

d)

Payment of a fixed amount of money at regular intervals

10.

Payment of a fixed amount of money at regular intervals

a)

Commission

b)

Bonus

c)

Salary

d)

Double time

11.

Money given to an employee in addition to earned wages or salary

a)

Bonus

b)

Wage

c)

Minimum Wage

d)

Salary

12.

If a carpenter makes £15/hr and works for 38 hours, how much will his gross earnings be?

a)

£570.00

b)

£325.00

c)

£1240.00

d)

£5,423.00

13.

Narelle is paid a salary of £45 000 per year. Calculate her weekly pay.

a)

£865.38

b)

£965.65

c)

£864.38

d)

£662.78

14.
Hourly rate is defined as:
a)
The amount of money earned during a full year
b)
The lowest pay rate allowed by law for each hour of work.
c)
The amount of money that is charged, paid, or earned for every hour worked: You pay a fixed amount perhour
d)
Getting payed 2 times a month
15.

Luke earned a salary of £48,048 last year.

How much did he earn a month?

a)

£572

b)

£924

c)

£4004

d)

£6864

16.

Gross pay is _________________________.

a)

money that has old yogurt and rotten tomatoes all over it.

b)

the amount of your paycheck after taxes and insurance.

c)

your pay before any deductions have been taken out.

d)

your annual salary.

17.

Net pay is ____________________________

a)

the amount of money your make playing basketball.

b)

the amount of money you found in Dad's fishing net.

c)

the amount of your paycheck AFTER deductions like taxes, insurance and retirement savings have been taken out.

d)

the amount of your paycheck BEFORE any deductions have been taken out.

18.

On an pay slip, taxes, insurance and retirement savings are examples of _____________________.

a)

things I don't need to worry about.

b)

extra money an employee makes when they work overtime.

c)

deductions that are subtracted from my gross pay.

d)

deductions that are subtracted from my net pay.

19.

What do I multiply to find the time and a half rate?

a)

Overtime rate and 2

b)

Regular hourly rate and 1.5

c)

Regular hourly rate and 2

d)

Regular wages and 1.5

20.
What is overtime pay?
a)
hours you work because you want them
b)
hours that you work after your regular hours
c)
money hours
21.

Your income before deductions are taken off.

a)

All the money in my Piggy Bank.

b)

Income

c)

Net Income

d)

Gross Income

22.

Employers have a statutory duty to deduct Income Tax from employees, if they earn above a certain threshold. This is known as

a)

PAYT

b)

TAPE

c)

PAYE

d)

PAWE

23.

The most common tax code in Scotland in Tax year 2021 to 2022 is:

a)

S1257L

b)

1257

c)

S1250L

d)

1250

24.

With a tax code of S1257L, this would give the employee an annual personal allowance of:

a)

£12.57

b)

£1,257

c)

£12,500

d)

£12,570

25.

How many bands of Income Tax rate are there in Scotland?

a)

3

b)

6

c)

4

d)

5