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Q2-Q#2 Salaries and Wages

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

What is the money earned by an employee in a particular period?

a)

income

b)

compensation

c)

salary

d)

wage

2.

Which refers to the employee’s earnings after deductions have been made by the employer?

a)

benefits

b)

net pay

c)

gross pay

d)

salary

3.

This is a work arrangement where employees are paid based on their output.

a)

time-basis pay

b)

output-basis pay

c)

piece-rate pay

d)

output-rate pay

4.

The employee holds a temporary position and employment ends when the project is finished.

a)

permanent

b)

job order

c)

contractual

d)

part-time

5.

What do we call the Revenue Regulations No. 5-2011 issued by the Bureau of International Revenue (BIR)?

a)

De Minimize Benefits

b)

De Minimis Benefits

c)

De Minimis Benefit

d)

De Minimize Benefit

6.

These are any goods or services furnished/granted in cash/kind by an employer to an individual employee.

a)

benefits

b)

fringe benefits

c)

non-taxable benefits

d)

bonus

7.

Which is correct about salary and wage?

a)

Salary is employee’s earnings after deductions have been made while wage is employee’s earnings before deductions have been made.

b)

Salary is quoted hourly or daily while wage is quoted annually or monthly.

c)

Salary is employee’s earnings before deductions have been made while wage is employee’s earnings after deductions have been made.

d)

Salary is quoted annually or monthly while wage is quoted hourly or daily.

8.

How many mandatory benefits are automatically deducted from an employee’s salary/wage?

a)

2

b)

3

c)

4

d)

5

9.

This is a compulsory insurance system for workers in the government sector for separation, retirement, etc.

a)

SSS

b)

GSIS

c)

PhilHealth

d)

Pag-IBIG

10.

Which is a national savings program for both private and public workers for hospitalization benefits?

a)

Withholding tax

b)

PhilHealth

c)

GSIS

d)

SSS

11.

Which is the minimum daily wage of an employee working in San Jose Del Monte Bulacan?

a)

₱525

b)

₱608

c)

₱552

d)

₱680

12.

What is the VAT rate in the Philippines?

a)

6%

b)

10%

c)

12%

d)

21%

13.

Which of the benefits below is non-taxable?

a)

housing

b)

insurance

c)

rice subsidy

d)

gifts

14.

In 1 year, how many Philippine workdays are there?

a)

240

b)

260

c)

360

d)

365

15.

What do we multiply to the daily wage to get the bi-monthly salary in a year?

a)

2.5

b)

5

c)

10

d)

20

16.

How many times would an employee be given their salary if they are paid bi-monthly in a year?

a)

24

b)

52

c)

104

d)

260

17.

Which of the employee benefits below is non-taxable?

a)

₱7,000 uniform allowance per year

b)

₱8,000 employee’s

performance bonus

c)

₱15,000 medical assistance

d)

₱3,000 rice allowance/subsidy

18.

Which of the mandatory benefits usually has the higher amount in deductions for an employee?

a)

Withholding tax

b)

PhilHealth

c)

GSIS

d)

SSS

19.

Select the government agency that has the highest deduction/contribution rate for an employer.

a)

Pag-IBIG

b)

Withholding tax

c)

PhilHealth

d)

GSIS

20.

A minimum wage earner in Metro Manila is paid ₱608 for an 8-hour workday. What is the hourly wage?

a)

₱76

b)

₱608

c)

₱616

d)

₱4,864

21.

If an employee earns ₱32,000 per month, how much is the weekly salary?

a)

₱615.38

b)

₱6,400

c)

₱7,384.62

d)

₱8,000

22.

An employee is paid ₱650,000 a year, how much is this employee’s hourly wage?

a)

₱12,500

b)

₱6,250

c)

₱2,500

d)

₱312.5

23.

If a driver averages 30km/hr with a pay of ₱6.20 per km, and drives 8 hours per day, five days a week, how much would a driver earn in a week?

a)

₱910

b)

₱1,488

c)

₱6,240

d)

₱7,440

24.

Rodel is paid ₱14 for every small bag he makes. If he produced 250 small bags, what are his total earnings?

a)

₱17.86

b)

₱264

c)

₱2,500

d)

₱3,500

25.

If Grace receives a gross monthly salary of ₱22,220, what is her total withholding tax?

a)

₱0

b)

₱208.05

c)

₱444.4

d)

₱1,387

26.

How much is the monthly PhilHealth contribution of an employee with a gross monthly salary of ₱31,600?

a)

₱500

b)

₱632

c)

₱1,580

d)

₱5,000

27.

Find the GSIS monthly contribution of an employer who has an employee that earns ₱45,000 per month.

a)

₱450

b)

₱4,050

c)

₱540

d)

₱5,400

28.

Suppose that a quota has been set at 90 pieces per week. A bonus pay for production is worth ₱38.50 per piece. Find the gross pay for producing 118 pieces.

a)

₱38.50

b)

₱910

c)

₱1,078

d)

₱3,465

29.

A fast food service crew is paid a wage of ₱77.43 per hour, how much is his monthly salary if he worked for 6 hours and 6 days a week for 4 weeks?

a)

₱2,787.48

b)

₱7,433.28

c)

₱11,149.92

d)

₱16,724.88

30.

If an employee earns a monthly salary of ₱70,000, how much is the net pay of this employee?

a)

₱70,000

b)

₱49,824.95

c)

₱35,605.05

d)

₱20,175.05