7 Questions
Which one of the following is considered a type of compensation?
Hourly wages
What is the formula to calculate the wages of an hourly employee?
Wages = Hourly rate x Hours worked
Which type of employees are exempt from the overtime rules?
Salaried employees
Which of the following is NOT a common way to get paid?
Cash
What does YTD stand for?
Year-to-Date
Which of the following is a mandatory payroll deduction?
Federal Income Tax
What is the formula to calculate net income (net pay)?
Net income = Gross Income - Deductions
Test your knowledge on the different types of compensation in this quiz. Learn about hourly wages, salary wages, commissions, and bonuses. Assess your understanding of this important aspect of employee payments.
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