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Warm-Up- Calculating Gross Pay & Pay Period
By Moira Howee
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Last updated about 1 year ago
8 questions
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Question 1
1.
Which pay period occurs every other week? Select two.
Annual
Bi-weekly
Fortnightly
Monthly
Question 2
2.
Which pay period occurs two times within a month? Select two.
Weekly
Quarterly
Bi-monthly
Semi-monthly
Question 3
3.
Which pay period occurs once a month? Select two.
Weekly
Bi-weekly
Monthly in arrears
Monthly
Question 4
4.
Which pay period occurs every 52 weeks? Select two.
Annual
Yearly
Quarterly
Semi-annually
Question 5
5.
What is the formula for calculating gross pay with overtime?
Regular pay / (Overtime pay)
Regular pay x (Overtime pay)
Regular pay + (Overtime pay)
Regular pay - (Overtime pay)
Question 6
6.
If an employee works 45 hours at $10/hr, how to calculate gross pay with no overtime?
Regular pay = Hours worked + Hourly rate
Regular pay = Hours worked - Hourly rate
Regular pay = Hours worked / Hourly rate
Regular pay = Hours worked x Hourly rate
Question 7
7.
When calculating gross pay with overtime, what rate is applied to extra hours worked?
Break rate
Double rate
Overtime rate
Regular rate
Question 8
8.
In the formula for gross pay with overtime, what does 'Regular pay' represent?
Pay for standard hours worked
Total hours worked
Bonus pay
Overtime pay