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Calculating Pay and Deductions Quiz

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

What is the formula to calculate gross pay for an employee who is paid hourly?

a)

Gross Pay = Hours Worked ×\times Hourly Rate

b)

Gross Pay = Net Pay - Deductions

c)

Gross Pay = Commission ×\times Sales

d)

Gross Pay = Social Security ++ Medicare

2.

What percentage is typically withheld from an employee’s gross pay for Social Security in the United States?

a)

2.5%

b)

6.2%

c)

1.45%

d)

10%

3.

What is the standard Medicare tax rate withheld from an employee’s gross pay?

a)

1.45%

b)

6.2%

c)

2.0%

d)

0.9%

4.

If an employee earns a commission of 5% on sales, what is the formula to calculate their commission?

a)

Commission = Sales ×\times 5%

b)

Commission = Sales - 5%

c)

Commission = Sales ÷\div 5%

d)

Commission = Sales ++ 5%

5.

Which of the following is subtracted from gross pay to calculate net pay?

a)

Overtime pay

b)

Deductions

c)

Bonuses

d)

Hours worked

6.

An employee worked 40 hours at $15 per hour. What is their gross pay?

a)

$400

b)

$600

c)

$450

d)

$525

7.

If an employee’s gross pay is $1,000, how much is withheld for Social Security?

a)

$62

b)

$145

c)

$100

d)

$72

8.

Calculate the Medicare deduction for an employee with a gross pay of $2,000.

a)

$29

b)

$62

c)

$124

d)

$100

9.

If an employee’s gross pay is $800 and their deductions are $150, what is their net pay?

a)

$950

b)

$650

c)

$800

d)

$150

10.

A salesperson earns a 7% commission on $5,000 in sales. What is their commission?

a)

$350

b)

$700

c)

$35

d)

$70

11.

An employee’s gross pay is $1,200. Calculate the total amount withheld for Social Security and Medicare.

a)

$74.40

b)

$86.40

c)

$93.60

d)

$91.80

12.

A worker earns $18 per hour and works 35 hours in a week. What is their gross pay?

a)

$630

b)

$540

c)

$700

d)

$580

13.

If an employee’s gross pay is $950, Social Security deduction is $58.90, Medicare deduction is $13.78, and other deductions total $50, what is the net pay?

a)

$827.32

b)

$900.00

c)

$950.00

d)

$827.00

14.

A salesperson earns a base salary of $400 per week, plus a 4% commission on $3000 sales in one week. What is their total pay for that week?

a)

$3016.00

b)

$520.00

c)

$120.00

d)

$520.40

15.

A salesperson earns a 6% commission on all sales above $2000. If they sold $5000, what is their commission? (Remember, they only get commission on the amount ABOVE $2000.)

a)

$180

b)

$120

c)

$420

d)

$150

16.

If an employee’s gross pay is $1,800, what is the total amount withheld for Social Security and Medicare?

a)

$137.70

b)

$111.60

c)

$139.50

d)

$124.20

17.

A worker earns $20 per hour and works 40 hours in a week. What is their gross pay?

a)

$600

b)

$900

c)

$800

d)

$700

18.

If an employee’s gross pay is $2,200 and total deductions are $400, what is their net pay?

a)

$2,600

b)

$1,800

c)

$2,200

d)

$400

19.

The amount of money earned BEFORE withholdings and deductions is:

a)

Gross Pay

b)

Overtime

c)

Net Pay

d)

Salary

20.

How often will you get paid?

a)

Weekly

1.

52 paychecks

b)

Bi-weekly

2.

26 paychecks

c)

Monthly

3.

12 paychecks

d)

Semi-monthly

4.

24 paychecks