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WorksheetsBM2324-Q4-Quiz#2
Total questions: 16
Worksheet time: 39mins
The amount of an employee's gross earnings is the total amount that he or she earns in a specified period.
True
False
The net earnings of an employee is the sum of his or her gross earnings and the total deductions.
False
True
The basic salary of an employee is equal to his or her gross earnings in a month if there is he/she doesn't have any extra income/earnings.
False
True
It refers to the earnings before contributions, taxes, or loans are deducted.
(a)
A person's gross earnings may come from any source like salary, wage, rent, or shares from investments.
True
False
Crispin receives a commission of 12% on sales amounting ₱70,000 and 18% on sales more than ₱70,000. Find his gross pay for the month if his total sales were ₱120,000.
₱20,140.00
₱19,400.00
₱14,140.00
₱17,400.00
A minimum wage earner in Metro Manila is paid ₱467.95 for an 8-hour workday. What is his hourly wage?
₱66.85
₱58.49375
₱51.99444
₱46.795
It refers to the earnings after contributions, taxes, or loans are deducted.
(a)
Mario, a wage earner, who earns ₱400 for an eight-hour workday, received ₱4,800 after working for 12 days. What do we call ₱4,800?
Gross Earnings
Net Earnings
Lily makes ₱15,000 in a month. She has to pay her existing loan and total contributions, which cost ₱1,000 and ₱900, respectively. With these, she has ₱13,100 left. What do we call ₱13,100?
Gross Earnings
Net Earnings
Ms. Cruz, a clerk, has a basic salary of ₱12,575.00. If she pays for her contributions worth ₱900.00, she receives ₱11,675.00. Which amount represents her deductions? (Short Answer format: P120.00)
(a)
Marco earns ₱600 for a six-hour workday. If he works for 5 days a week, he receives ₱3,000. Which amount represents Marco's gross earnings? (Short Answer format: P1,120.00)
(a)
Mang Kiko is a factory worker earning ₱72.50 per hour. In December, he works 8 hours a day, 5 days a week, and 4 weeks a month. If Mang Kiko needs to pay for his existing loan costing ₱1,000 per month, how much are his net earnings in December? (Short Answer format: P1,120.00)
(a)
Eric works as a part-time tutor in RCUBED Tutorial and Review Center and is paid on a weekly basis. His
hourly rate is P75 for grades 1 to 6 students, and P100 for grades 7 to 10 students. The table shows Eric’s
schedule in tutoring students during a certain week. The names and grade levels of his students are given.
Compute for his gross earnings that week.
₱1,575.00
₱2,575.00
₱2,675.00
₱1,100.00
Bonus Question: figure out what these tricky brain teasers are trying to say.
(a)
Bonus Question: figure out what these tricky brain teasers are trying to say.
(a)
