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Calculating Pay with Different Pay Periods

Total questions: 81

Worksheet time: 7hrs 41mins

Name
Class
Date
1.

Bobs first job pays him 16.75 per hour. If he works 40 hours each week, find his weekly income.

a)

$450

b)

$220

c)

$670

d)

$675

2.

Mr. Jane earns a salary of $65,875 annually , how much does he earn each week

a)

$1266.83

b)

$2234.675

c)

$600

d)

$1263.41

3.

What is a salary?

a)

Loan

b)

a fixed regular payment, typically paid on a monthly basis

c)

Money

d)

4790

4.

What is a wage?

a)

$20,000

b)

$4,000

c)

payment to someone 

d)

a fixed regular payment earned for work or services

5.

Carla's job pays her $20.50 per hour. If she works 22 hours each week find the weekly income

a)

$451

b)

$223

c)

$110

d)

$440

6.

Luke earns a salary $42,272. How much does he earn for month?

a)

$11,130.22

b)

$812.92

c)

$23,333.50

d)

$3,522.67

7.

James first job pays him $11 per hour. If he works 10 hours each work find his weekly income

a)

$111

b)

$110

c)

$200

d)

$450

8.

Erin first job pays her $20 per hour. If she works 24 hours each week find her weekly income

a)

$410

b)

$420

c)

$485

d)

$480

9.

Victoria's first job pays her $20 per hour. If she works 45 hours each week find her income. Remember that every hour above 40 hours of work is considered overtime and should be paid 1.5 times more.

a)

$100

b)

$900

c)

$950

d)

$65

10.

Loren's earns a salary of $67,325. How much does she earn each month?

a)

$5,610.40

b)

$3,320.60

c)

$5,620.40

d)

$2,805.21

11.

Mr. Jane earns a salary of $65,875 annually, how much does he earn monthly

a)

$1266.83

b)

$2234.675

c)

$5,489.58

d)

$1263.41

12.

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

13.
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 per hour

d)
Getting payed 2 times a month
14.
Luke earned a salary of $48,048 last year.
How much did he earn a month?
a)
$572
b)
$924
c)
$4004
d)
$6864
15.

If a person makes $500 per week, how much money does he make per year?

a)

$23,100.00

b)

$5,000.00

c)

$26,000.00

d)

$6,000.00

16.

If Cameron makes $24,000 per year, how much money does he make each month?

a)

$2,400.00

b)

$12,000.00

c)

$2,000.00

d)

$461.54

17.

Gail earns $10.50 per hour and worked 32 hours this week. What is her weekly pay?

a)

$336.00

b)

$340.50

c)

$420.00

18.

Rodney earns $8.45 per hour. Last week he worked 38 hours. What is his weekly pay?

a)

$313.50

b)

$321.10

c)

$338.00

19.

What does annually mean?

a)

always

b)

yearly

c)

salary

d)

wages

20.

As a university professor, Gabrielle earns $84,000 per year. What will be Abe's pay if he is paid per month?

a)

$84,000

b)

$7,000

c)

$3,500

21.

What is the main difference between GROSS pay and NET pay?

a)

Gross pay is what you get after taxes, while Net pay is before taxes

b)

Gross pay is before taxes, while Net pay is what you get after taxes

c)

Gross pay is the % that your employer matches for retirement

d)

Gross pay is how much you have to pay in taxes every pay period

22.

Which pay do you see on your actual paystub / in your bank account on payday??

a)

GROSS PAY

b)

NET PAY

23.

Jeremy works a full time job (standard is 40 hours a week) and sometimes has opportunities to make overtime pay. His regular salary is $9.20/hour.


Jeremy worked 33 hours this week.

Calculate Jeremy’s GROSS PAY.

a)

$272.50

b)

$368.25

c)

$303.60

d)

$763.95

24.

Jeremy works a full time job (standard is 40 hours a week) and sometimes has opportunities to make overtime pay. His regular salary is $9.20/hour.

Jeremy worked 45 hours this week.

Calculate Jeremy’s regular GROSS PAY NOT including OVERTIME PAY.

a)

$368

b)

$69

c)

$437

d)

$414

25.

If you made $1480 bi-weekly, what is your hourly wage?

(a)  

26.

Fionah is paid $16.50 /hour. If she made $462, how many hours did she work?

(a)  

27.

Jayden works from 7 am to 2:45 pm and earns $18.20/ hour. How much did he make that day?

(covert hours to decimal)

(a)  

28.

How long was Abby's shift if she starts at 8 am and goes to 11 am, then comes back to work from 4 pm to 8:30 pm? (express in hours)

(a)  

29.

How long is Jack's shift if he starts at 10:30am and finishes at 5:15 pm?

(Convert time to a decimal)

a)

6.45

b)

6.25

c)

6.75

d)

7

30.

The time 3:15 is that same as what decimal (fraction of an hour)?

(a)  

31.

To calculate your weekly wages...

a)

Trust your boss to just pay you enough

b)

Divide your annual pay by the number of hours you work in a week.

c)

Multiply your hourly pay by the number of hours you work each week.

d)

Take your hourly pay times the number of hours you work a day.

32.

Salary pay means...

a)

You multiply your hourly wage by the number of hours you work.

b)

You only earn that amount of money in a year - regardless of the hours you work.

c)

You qualify for a lot of overtime and will make tons of money!

d)

You qualify for job-supplemented health insurance.

33.

The equation we use to calculate weekly pay is...

a)

$ hourly pay x # of hours worked that week

b)

$ hourly pay x # of hours worked that month

c)

$ hourly pay x 52 weeks in a year

d)

Salary / # of hours worked

34.

If you have a SALARIED job that pays $45,000 a year, the calculation to find MONTHLY pay would be...

a)

$45,000 x 52

b)

$45,000 / 52

c)

$45,000 / 12

d)

$3,750 x 12

35.

Overtime means...

a)

You worked you scheduled hours and your boss can't ask you to come in to cover more shifts

b)

You worked more than your scheduled hours and earn "pay and a half" for every hour above your normal schedule

c)

You were paid more than you were supposed to, you'll have to pay it back later.

d)

You worked more than your scheduled hours and earn "normal wages" for every hour above your normal schedule

36.

If you work for $14.00 an hour and worked 60 hours in a week, you would calculate your salary with...

a)

$14.00 x 60 x 1

b)

$14.00 x 40 x 1.5

c)

(($14.00 x 40) + ($21.00 x 20)) x 1.5

d)

(($14.00 x 40) + ($14.00 x 20 x 1.5))

37.
An accountant receives a yearly salary of $72,000.  Find his monthly salary.
a)
$6000.00
b)
$864,000.00
c)
$600.00
38.
How many times a year do you receive a paycheck if you are paid biweekly?
a)
52
b)
26
c)
24
d)
12
39.

An employee who is paid monthly is paid _______ times a year.

a)

12

b)

24

c)

6

d)

26

40.
What is an annual salary?
a)
What you are paid each month
b)
What you earn over the course of a year.
41.

Julie earns a yearly salary of $60,000. How much does she make monthly?

a)

$300,000

b)

$3,500

c)

$5,000

42.

You earn $550 weekly. How much do you make per year?

a)

$23,500

b)

$28,600

c)

$29,200

d)

$30,800

43.

Bob earns $3,300 monthly. How much does he make in a year?

a)

$275

b)

$39,600

c)

$36,000

44.

How many times do you get paid in a year if you get paid weekly?

a)

12

b)

52

c)

26

d)

24

45.

If you get paid monthly, how many times will you be paid in a year?

a)

26

b)

52

c)

12

d)

24

46.

You got a new job and will earn $2750 per month. What is your yearly salary?

a)

$16,500

b)

$229

c)

$33,000

47.

You are making $780 per week. How much will you earn in a year?

a)

$45,060

b)

$20,280

c)

$40,560

48.

If you are paid $1,500 bi-weekly how much will you earn in a year?

a)

$50,000

b)

$78,000

c)

$39,000

d)

$36,000

49.

Karolyn Yoder is paid a salary of $4,600 a month. What are her total annual earnings?

a)

$5,520

b)

$55,200

c)

$53,700

50.

A teaching assistant receives a yearly salary of  $26,000.  Find his weekly salary.

a)
$500
b)
$2166.67
51.

Arturo makes an annual salary of $58,000 . What would he make in 1 week?

a)

$2,345

b)

$1,115

c)

$2,230

52.

Jon is making $4,600 a month racing! How much does he make in 1 year?

a)

$55,200

b)

$55,000

c)

$4,600

53.

Jorge makes $3,000 a month, how much does he make a year?

a)

$36,000

b)

$33,000

c)

$29,000

54.

James makes $300,000 a year how much does he make a month?

a)

$15,000

b)

$25,000

c)

$10,000

55.

Jose makes $13 a week. If he works 40 hours a week for a whole year, how much does he make a year?

a)

$30,000

b)

$15,600

c)

$12,000

d)

$27,040

56.

If I earn $3,120 per month, how much do I earn in a year?

a)

$31,200

b)

$34,320

c)

$37,440

57.

A ________________ is a fixed amount of money paid each pay period regardless of the amount of hours worked.

a)

Hourly rate

b)

Salary

c)

Weekly wage

58.

Harvey worked 36 hours this week. He earns $28.46 an hour. How much did he earn this week?

a)

$1024.56

b)

$1138.40

c)

$1423.00

59.
If Cheyenne worked from 8:30 am and went to lunch at 12:00 pm.  She came back at 1:00 pm and left for the day at 4:30 pm.  How many hours did she work?
a)
5.5 hours
b)
7 hours
c)
6.5 hours
d)
9 hours
60.

How many times a year do you receive a paycheck if you are paid biweekly?

a)

52

b)

26

c)

24

d)

12

61.
The total amount you earn BEFORE any deductions are subtracted is called __________ pay.
a)
Bonus
b)
Gross
c)
Incentive
d)
Net
62.
A part-time receptionist earns $6.75 per hour.  If she works 30 hours, how much  will she earn?  
a)
$4.44
b)
$202.50
c)
$30
d)
$5,400
63.
A full-time job is ___ hours per week.
a)
35
b)
37
c)
40
d)
42
64.

Erin works as a manager of a store making $40,000 per year. What is her weekly salary?

a)

$769.23

b)

$3,333.33

c)

$1,666.67

d)

$1,538.46

65.

Sarah is the owner of a cupcake store and has a salary of $75,000/year. What is Sarah’s biweekly salary?

a)

$2,884.62

b)

$3,125

c)

$6,250

d)

$1,442.31

66.

Emily makes $72,000 per year as a fashion designer. If she gets paid monthly, how much does she make per paycheck?

a)

$6,000

b)

$1,384.62

c)

$3,000

d)

$2,769.23

67.

Sue works at a museum with a biweekly salary of $1,600. What is her annual salary?

a)

$41,600

b)

$38,400

c)

$19,200

d)

$83,200

68.

Billy has a choice of a job at Target that pays $300 per week or a job at Walmart paying $660 semimonthly. Based on pay only, which is the better paying job? Explain.

a)

Walmart; it pays $240 more annually

b)

Walmart; it pays $1,560 annually

c)

Target; it pays $240 more annually

d)

Target; it pays $1,560 annually

69.

Raina needs to decide which ice cream store to work at. At Ice Cream Store A, she would be working 35 hrs per week, earning $10/hr. At Ice Cream Store B she has been offered a salary paying $600 biweekly. Which option should Raina take? Explain.

a)

A because she would make $2,600 more per year

b)

A because she would make $3,800 more per year

c)

B because she would make $2,600 more per year

d)

B because she would make $3,800 more per year

70.

Biweekly is ____ pay periods per year

a)

52

b)

12

c)

24

d)

26

71.

Weekly is ____ pay periods per year

a)

52

b)

12

c)

24

d)

26

72.

Semimonthly is ____ pay periods per year

a)

52

b)

12

c)

24

d)

26

73.

Jesse makes $8.50 per hour. For every hour over 40 hours he receives time and a half. He worked 47 hours last week. How much did Joe earn last week?

a)

$399.50

b)

$429.25

c)

$599.25

d)

$569.50

74.

Steve earns $62500 annually, what is his biweekly salary?

a)

$ 5208.00

b)

$2403.85

c)

$2603.80

d)

$2403.84

75.

If you get paid semi-monthly, how many times will you be paid in a year?

a)

26

b)

52

c)

12

d)

24

76.

At his current job Josh is paid $25/hr and usually works 35 hours a week. He needs to decide if he is going to accept a new job offer that is paying a biweekly salary of $1,600 based on earnings only. Which option should Josh take? Explain.

a)

New job, because he would make $18,500 more in a year.

b)

New job, because his pay check would be $725 more.

c)

His current job pays $3,900 more annualy.

d)

New job, because he would be paid $3,900 more in a year.

77.

Raina needs to decide which ice cream store to work at. At Ice Cream Store A, she would be working 35 hrs per week, earning $15/hr. At Ice Cream Store B she has been offered a salary paying $1000 biweekly. Which option should Raina take? Explain.

a)

A because she would make $1,300 more per year

b)

A because she would make $3,800 more per year

c)

B because she would make $1,300 more per year

d)

B because she would make $475 more in a week

78.

Jacob has a choice of a job at Target that pays $300 per week or a job at Walmart paying $660 biweekly. Based on pay only, which is the better paying job? Explain.

a)

Walmart; it pays $240 more annually

b)

Walmart; it pays $15,600 annually

c)

Walmart; it pays $1,560 more annually

d)

Target; it pays $1,560 annually

79.

Wage or Salary?


More likely to be eligible for overtime.

a)

Wage

b)

Salary

80.

Wage or Salary?


More likely to be calculated on an annual basis.

a)

Wage

b)

Salary

81.

Wage or Salary?


More likely to allow more flexibility with work hours.

a)

Wage

b)

Salary