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WorksheetsPaycheck and Calculating Wages Review
Total questions: 117
Worksheet time: 12hrs 57mins
The actual amount of money you "take home" is
Gross Pay
Never Enough
Net Pay
Payroll Income
Your net income is the money/amount deposited in your bank account.
TRUE
FALSE
___________ Goes into a federal program that provides financial support for people who are retired.
Benefits
Insurance
Social Security Tax
All of The Above
Employees have deductions taken out of their paychecks. Identify which are considered required by the government.
State Income Tax
Federal Income Tax
Dental Insurance
Social Security
Employees have deductions taken out of their paychecks. Identify which are considered "elective" - not required by the government.
Life Insurance
Social Security
Dental Insurance
401 (K) or 403 (B)
A portion of one’s personal income paid to a government including the federal and state.
Income
Gross Pay
Net Pay
Income tax
A tax on income to fund the social security benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died.
FICA - Medicare
FICA - Social Security
Federal Income Tax
State Income Tax
A tax used to fund the government's Medicare program, which provides subsidized healthcare and hospital insurance benefits to retirees and the disabled.
State Income Tax
FICA - Social Security
Federal Income Tax
FICA - Medicare
Is the total amount you earn before any deductions are subtracted.
Net Pay
Gross Pay
Income
Taxes
What's a check stub?
What you give to the bank to deposit.
The part of a paycheck that lists deductions from your salary
It's an envelope.
What's a pay period?
The length of time for which an employee's wages are calculated; most are weekly, bi-weekly, twice a month or monthly.
It's a time sheet.
a paper document issued by an employer to pay an employee for services rendered
If you worked 40 hours per week at $10 per hour, what is your gross income for the week?
$227
$4000
$40
$400
Mya's net pay is $525/week. Her gross is $700. How much money is deducted from her paycheck each week?
$525
$125
$175
Nothing
Sam's deductions add up to $112 a week. If her net pay is $425 a week, what is her gross pay?
$112
$313
$425
$537
Ruth earns $13.25/hour. She works 40 hours/week. $90.72 is deducted each week. What’s her net pay?
$439.28
$530
$493.43
$90.72
SSN stands for
Social Security Number
Secret Santa Necktie
Federal taxes, state taxes and FICA tax are classified as
Mandatory and standard deductions
Voluntary deductions
If you work for another person or for a company you are
a very happy person
a crazy person
a dependent
an employee
It's important to look at your pay stub because
it's beautiful.
It's very interesting.
maybe there is a mistake.
All of the above.
Brenda’s net pay is $525/week. Her gross is $700. How much money is deducted from her paycheck each week?
$525.00
$700.00
$175.00
$125.00
What are the different components of a pay check?
Hourly rate, annual salary, commission
Gross pay, deductions, net pay, additional earnings or bonuses
Taxes, insurance, retirement savings
Overtime pay, holiday pay, sick pay
Explain the concept of overtime pay.
Overtime pay is the additional compensation given to employees for working more than the standard hours in a workweek.
Overtime pay is the deduction from the salary for working extra hours
Overtime pay is only given to employees who work on weekends
Overtime pay is the same as regular pay for working more than the standard hours
How is net pay calculated?
By subtracting deductions from the gross pay
By adding deductions to the gross pay
By multiplying deductions with the gross pay
By dividing deductions by the gross pay
Payment per hour
salary
pay rate
over time
his ______ is $320.
Taxes are...
Retirement funds
fees and charges imposed by governments to help pay for their programs and services
an amount of money you earn for each hour that you work
the amount of money you actually get to keep from your paycheck
On your paycheck, your "take home" pay, or money that you could spend, is also known as:
gross pay
salary
net pay
wages
These are fees and charges imposed by governments to help pay for their programs and services.
taxes
benefits
penalties
savings
On your paycheck, this is the total pay you have earned from a job, before any taxes and benefits are deducted.
gross pay
net pay
all pay
more pay
A tax used to fund the social security benefits to Americans who are retired, sick, or too disabled to work, and to families of workers who have died.
FICA - Medicare
FICA - Social Security
Federal Income Tax
State Income Tax
A tax which is used to provide healthcare and insurance benefits to retirees and people with limited resources/income
State Income Tax
FICA - Social Security
Federal Income Tax
FICA - Medicare
the amount that an employee earns before taxes and other deductions are taken from their paycheck
Net Pay
Gross Pay
Income
Taxes
the amount of money you actually get to keep from your paycheck after taxes/deductions are subtracted
Net Pay
Gross Pay
Salary
Taxes
FICA Taxes include
Hourly Wages and Salary
Gross Pay and Net Pay
Federal tax and State Tax
Social Security and Medicare
Taxes used to fund the Military/National Defense, social programs, law enforcement, and national deb
State Tax
Federal Tax
Social Security
Medicare
Taxes used to fund Police/Fire services, Education and school maintenance, road maintenance, welfare services
State Tax
Federal Tax
Social Security
Medicare
An amount of money that is withheld (subtracted) from your paycheck
Deduction
Interest rate
wage
earning
When an employee is paid a set amount for each hour that they work, they earn a(n)
net income
salary
hourly wage
gross income
When an employee is paid the same amount each pay period, no matter how many hours they work, they earn a(n)
net income
salary
hourly wage
gross income
How much money was taken out of Bob's paycheck for Medicare?
$77.40
$11.22
$54.00
$47.99
How much did Bob earn before takes and deductions were withheld?
$774.00
$213.29
$560/71
$720
How many TOTAL hours did Bob work for this paycheck?
(regular and overtime)
18
27
34
45
What is the net pay for this paystub?
$458.55
$580
$507.25
$392.45
What does "YTD" stand for on a paystub?
"Year To Date" - Total sick time used since the beginning of the year.
"Year To Date" - Total number of paychecks since the beginning of the year.
"Year To Date" - Total pay since the beginning of the year.
"Year To Date" - Total number of deductions since the beginning of the year.
Rate of Pay: $5.25 Hours Worked: 7
$75.00
$36.75
$50.25
Rate of Pay: $10.25 Hours Worked: 10
$102.50
$97.50
$110.00
Rate of Pay: $12.85 Hours Worked: 15
$122.00
$157.75
$192.75
Rate of Pay: $13.75 Hours Worked: 2
$52.00
$27.50
$33.25
Rate of Pay: $8.50 Hours Worked: 14
$110.25
$119.00
$225.00
Rate of Pay: $9.35 Hours Worked: 30
$280.50
$210.00
$175.25
Rate of Pay: $8.70 Hours Worked: 15
$52.25
$275.00
$130.50
Rate of Pay: $12.35 Hours Worked: 20
$247.00
$210.25
$115.00
Rate of Pay: $9.65 Hours Worked: 40
$179.00
$221.50
$386.00
Rate of Pay: $11.25 Hours Worked: 12
$135.00
$179.00
$229.25
Sabrina works at a local department store. She earns $9.50 and hour. What would be her overtime rate per hour?
12.75
9.50
14.25
1.5
Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s gross pay?
$438
$338
$35
Michael works in a supermarket. He is paid $10.80 per hour.
How much will he earn if he works a 37 hour week?
$399.60
$400
$10.80
Round to the nearest dollar: $19.599
$19.00
$19.60
$20.00
Rodney earns $8.45 per hour. Last week he worked 38 hours. What is his weekly pay?
$313.50
$321.10
$338.00
Gail earns $10.50 per hour and worked 32 hours this week. What is her weekly pay?
$336.00
$340.50
$420.00
Randy works 40 hours a week. His regular hourly rate is $23.61. How much does Randy make annually?
$944.40
$11805
$47220
Bill earns $13.75 an hour. How much will Bill earn this week if he works 40 hours?
$550
$22,000
$27,500
Harvey worked 36 hours this week. He earns $28.46 an hour. How much did he earn this week?
$1024.56
$1138.40
$1423.00
Dakota earned $570 last week. She worked 40 hours. What is her hourly rate?
$12.45
$14.25
$15.42
When you figure someone's yearly salary, you can multiply their weekly salary by ________________.
12 months
52 weeks
4 weeks
1 year
If George makes $22,550 a year, how much does he make a week?
$433.65
$1879.17
$939.58
$255.50
What is the formula to calculate gross pay?
Gross Pay = Hours Worked - Hourly Rate
Gross Pay = Hours Worked / Hourly Rate
Gross Pay = Hours Worked x Hourly Rate
Gross Pay = Hours Worked + Hourly Rate
If an employee works 40 hours a week at $15 per hour, what is their gross pay?
$400
$800
$500
$600
If a person makes $500 per week, how much money does he make per year?
$23,100.00
$5,000.00
$26,000.00
$6,000.00
How much did he earn a month?
Narelle is paid a salary of $45 000 per year. Calculate her weekly pay.
$865.38
$965.65
$864.38
$662.78
Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s gross pay?
$438
$338
$35
Michael works in a supermarket. He is paid $10.80 per hour.
How much will he earn if he works a 37 hour week?
$10.80
$399.60
$400.00
Kyle worked 34 hours cutting lawns.His gross income was $329.12.
What was his hourly wage?
$9.68
$10.00
$12.54
$15.67
If you are paid $39,000 annually calculate your bi-weekly gross earnings?
$1,500
$1,625
$3,250
If Jessica's gross earnings are $3,120 semi-monthly, how much does she earn in a year?
$37,440
$74,880
$81,120
Narelle is paid a salary of $45 000 per year. Calculate her weekly pay.
$865.38
$965.65
$864.38
$662.78
Convert the monthly rent to a weekly payment. Round to the nearest hundredths.
Monthly rent of $631.00
$145.62
$7572
$631
$12.13
If an employee is paid $2,500 bi-weekly, what is their annual salary?
$60,000
$65,000
$70,000
$75,000
Mike applied for a job at M&M Mars, in which the starting salary is $35,000. How much money will Mike earn, in total, after 10 years of employment if his salary increases by $1200 each year?
$398,000
$400,000
$404,000
$45,800
Martha is an accountant and makes $67,000 per year. Her friend, Henry, is an auto mechanic and makes $37,000 per year. How much more will Martha make over the next 10 years than Harry?
$300,000
$104,000
$670,000
$633,000
Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s gross pay?
$438
$338
$35
Emma worked 28 hours this week and earned a total of $392. What is her hourly wage?
$14.00
$15.00
$13.50
$14.50
Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s gross pay?
$438
$338
$35
Bill Granger is a parts clerk. He worked a total of 46.25 hours from Monday to Friday this week. If his regular pay is $12.75 per hour, how much overtime pay did Bill earn?
$19.13
$119.56
$589.69
Tonya Smith is a cashier at the local supermarket. She worked a total of 42.5 hours this week. If her regular pay is $8.25, what is Tonya’s gross pay?
$360.94
$330
$350.63
Janet Henderson is a secretary. She works Monday to Friday every week. If she worked a total of 44.5 hours this week, and her regular pay is $11.46 per hour, what is Janet’s regular pay?
What is Janet’s overtime pay?
What is Janet’s gross pay?
$458.40
$509.97
$11.46
Janet Henderson is a secretary. She works Monday to Friday every week. If she worked a total of 44.5 hours this week, and her regular pay is $11.46 per hour, What is Janet’s overtime pay?
$51.57
$77.36
$509.97
Janet Henderson is a secretary. She works Monday to Friday every week. If she worked a total of 44.5 hours this week, and her regular pay is $11.46 per hour, What is Janet’s gross pay?
$458.40
$509.97
$535.76
Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s overtime pay rate
$9.68
$14.52
$338.80
Michael works in a supermarket. He is paid $10.80 per hour.
How much will he earn if he works a 37 hour week?
$399.60
$400
$10.80
Michael works in a supermarket. He is paid $10.80 per hour.
What is Michael's overtime pay rate?
$10.80
$16.20
$7.20
Natasha is a hairdresser. She earns $12.20 per hour.
How much will she earn in a week where she works 42 hours
$512.40
$488
$524.60
Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s gross pay?
$438
$338
$35
Bill Granger is a parts clerk. He worked a total of 46.25 hours from Monday to Friday this week. If his regular pay is $12.75 per hour, how much overtime pay did Bill earn?
$19.13
$119.56
$589.69
Tonya Smith is a cashier at the local supermarket. She worked a total of 42.5 hours this week. If her regular pay is $8.25, what is Tonya’s gross pay?
$360.94
$330
$350.63
Janet Henderson is a secretary. She works Monday to Friday every week. If she worked a total of 44.5 hours this week, and her regular pay is $11.46 per hour, what is Janet’s regular pay?
What is Janet’s overtime pay?
What is Janet’s gross pay?
$458.40
$509.97
$11.46
Janet Henderson is a secretary. She works Monday to Friday every week. If she worked a total of 44.5 hours this week, and her regular pay is $11.46 per hour, What is Janet’s overtime pay?
$51.57
$77.36
$509.97
Janet Henderson is a secretary. She works Monday to Friday every week. If she worked a total of 44.5 hours this week, and her regular pay is $11.46 per hour, What is Janet’s gross pay?
$458.40
$509.97
$535.76
Carol Jones is a receptionist in a doctor’s office. She worked 35 hours this week. If her regular pay is $9.68 per hour, what is Carol’s overtime pay rate
$9.68
$14.52
$338.80
Michael works in a supermarket. He is paid $10.80 per hour.
How much will he earn if he works a 37 hour week?
$399.60
$400
$10.80
Michael works in a supermarket. He is paid $10.80 per hour.
What is Michael's overtime pay rate?
$10.80
$16.20
$7.20
Natasha is a hairdresser. She earns $12.20 per hour.
How much will she earn in a week where she works 42 hours
$512.40
$488
$524.60
