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WorksheetsPayroll Calculations Practice
Total questions: 19
Worksheet time: 9mins
If you get paid weekly then you will get ....... paychecks per year?
12
24
26
52
If you get paid biweekly then you will get ....... paychecks per year?
12
24
26
52
If you receive 24 paycheck a year, then you get paid.....
Weekly
BiWeekly
Semi-Monthly
Monthly
If you make $18.49, what will be your overtime rate?
$9.24
$27.74
$36.98
$24.24
If you work 34 hours in a week, and your hourly wages are $13.25, what will your gross pay be for the week?
$20.75
$386.28
$450.50
$530
You are a salary employee and make $61,618.00 a year. You get paid monthly. Calculate your gross pay for a single paycheck.
$1,184.96
$2,369.92
$2,567.41
$5,134.83
You are a salary employee and you make $47,415.00 and get paid semi-monthly, calculate your gross pay for a single paycheck.
$911.83
$1,823.65
$1,975.63
$3,951.25
Your wages are $14.00 an hour and you worked 51 hours last week. How much will you make in overtime pay?
$714.00
$154
$21
$231
Select the payroll deductions that are taken out prior to taxes.
401k
Fica Taxes
Medical Premiums
Dental Premiums
Select the three taxes that are taken out of every paycheck.
State Taxes
FICA Taxes
Federal Taxes
Retirement Fund
The state income tax rate in Wisconsin is.....
1.45%
6.2%
7.65%
11.24%
This may be added to your gross pay if you do not take the companies insurance.....
Medical Premium
Dental Premium
401k Match
Medical Opt. Out Premium
These do not effect your weekly paycheck, but should be considered when you accept a job.
401k Employer Match
Medical Insurance Deductible
State Tax Rate
Medical Premiums
If your paycheck is $935.27, and you claim 1 exemption. How much federal tax will you pay?
108
84
60
90
The two fica taxes are.......
Social Security & State Income Tax
Social Security & Medicare
State Income Tax & Federal Income Tax
Medicare & Unemployment
Your federal income tax rate is determined by one of two ways. Either the IRS Tax Table Method or the IRS Percentage Method.
True
False
You worked 91 hours your last pay period. Assuming you make $15.00 and hour, how big will you paycheck be prior to deductions? You get paid overtime for any hours over 80 in a pay period.
$1,200
$1,365
$1,447.5
$2,047.5
This is the amount of your paycheck prior to deductions coming out.
Salary
Taxable Gross Pay
Net Pay
Gross Pay
You make $23.74, what would be your overtime rate?
$11.87
$35.27
$47.48
