WorksheetsGross and Net Pay Review
Total questions: 9
Worksheet time: 5mins
The money earned before any deductions is called
Gross Pay
Net Pay
True or False. Minimum wage is the same in every state
True
False
To calculate overtime, you multiply your overtime hours and hourly wage by
1
1.25
1.5
2
_____ usually refers to how much you make per hour. _____ usually refers to how much you make per year.
Salary, Wage
Wage, Salary
True or False. Interest from a savings account is an example of Unearned Income.
True
False
______, like sick days or tuition reimbursement, are forms of pay other than money.
Perks
Benefits
Salary
Wages
If you get paid semi-monthly, you receive ____ paychecks per year.
6
12
24
48
To calculate net pay....
You need to calculate gross pay
You need to add together all the deductions
You need to subtract the deductions from the gross pay
All of the above
Which of the following is NOT a required deduction?
Social Security
Federal Taxes
Medicare
Retirement
