Calculating Wages Flashcards

Questions and Answers

What is $62.25?

10 hours × $6.25

20 hours × $3.10

12 hours × $5.20

15 hours × $4.15 (correct)

What time did you get off of work if you worked for 12 hours and you started at 8am?

8pm

What is $769.50?

20 hours x $38.50

40 hours x $19.25

54 hours x $14.25 (correct)

30 hours x $25.65

How long did you work if you started at 11am and got off at 10:30pm?

11.5 hours Signup and view all the answers

What is $361.44?

36 hours × $10.04 Signup and view all the answers

How long do you work if you start at 11am and get off at 4pm?

5 hours Signup and view all the answers

What is $204.00?

24 hours × $8.50 Signup and view all the answers

What time did you get off work if you worked for 5 hours 45 minutes, starting at 6pm?

11:45pm Signup and view all the answers

What is $263.25?

27 hours × $9.75 Signup and view all the answers

What time did you get off work if you worked for 8 hours and started at 11am?

7pm Signup and view all the answers

What is $624.00?

48 hours × $13.00 Signup and view all the answers

How long do you work if you start at 5am and get off at 2pm?

9 hours Signup and view all the answers

What is $472.13?

31 hours × $15.23 Signup and view all the answers

How long do you work if you start at 9am and get off at 3pm?

6 hours Signup and view all the answers

What is $223.30?

29 hours × $7.70 Signup and view all the answers

What is the definition of Pay Period?

Time from one pay day to the next Signup and view all the answers

What is the definition of Direct Deposit?

Pay gets automatically deposited into your banking account Signup and view all the answers

What is the definition of Weekly Pay?

52 checks per year Signup and view all the answers

What is the definition of Bi-weekly Pay?

26 checks per year Signup and view all the answers

What is the definition of Semi-monthly?

24 checks per year Signup and view all the answers

What is the definition of Monthly?

12 checks per year Signup and view all the answers

What is the definition of Annual Salary?

How much you make in a year Signup and view all the answers

What is the definition of Hourly Rate?

How much you make per hour Signup and view all the answers

What is the definition of Overtime Hours?

Hours worked over 40 hours per week Signup and view all the answers

What is the definition of Overtime Rate?

Hourly rate x 1.5 Signup and view all the answers

What is the definition of Minimum Wage?

Lowest hourly rate that may be paid to an employee in the US Signup and view all the answers

What is the definition of Net Pay?

Amount of check after deductions have been taken out Signup and view all the answers

What is the definition of Gross Pay?

Amount of check before deductions have been taken out Signup and view all the answers

Study Notes

Wage Calculations

$62.25 is calculated from 15 hours worked at a rate of $4.15 per hour.
$769.50 results from working 54 hours at a rate of $14.25 per hour.
$361.44 comes from 36 hours at an hourly wage of $10.04.
$204.00 is earned by working 24 hours at $8.50 hourly.
$263.25 is the result of working 27 hours at $9.75 per hour.
$624.00 is calculated for 48 hours at an hourly rate of $13.00.
$472.13 is derived from 31 hours at a rate of $15.23.
$223.30 is calculated for 29 hours at $7.70 per hour.

Work Hours and Time Management

If you start work at 8am and work for 12 hours, you finish at 8pm.
Working from 11am to 10:30pm totals 11.5 hours.
If starting work at 11am and finishing at 4pm, the total worked is 5 hours.
If you start at 6pm and work 5 hours 45 minutes, you finish at 11:45pm.
If working from 11am, completing 8 hours means you get off at 7pm.
Starting at 5am and concluding at 2pm yields a working duration of 9 hours.
If starting work at 9am and finishing at 3pm, this totals 6 hours.

Payroll Types and Definitions

Pay Period: Duration between two consecutive paydays, indicating payment frequency.
Direct Deposit: Automatic transfer of wages to a bank account.
Weekly Pay: Results in 52 paychecks annually.
Bi-weekly Pay: Results in 26 paychecks in a year.
Semi-monthly: Yields 24 paychecks annually.
Monthly: Provision of 12 paychecks per year.
Annual Salary: Total earnings accrued over a year.
Hourly Rate: Compensation earned per hour of work.
Overtime Hours: Hours worked beyond the standard 40-hour workweek.
Overtime Rate: Calculated at 1.5 times the regular hourly rate.
Minimum Wage: The lowest legally permissible hourly wage for employees in the US.
Net Pay: The amount received after tax and deductions.
Gross Pay: Total earnings before any reductions or deductions.

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Description

Test your knowledge of wage calculations with this set of flashcards. Each card challenges you with different scenarios, from hourly rates to total earnings. Perfect for students looking to master wage-related problems.