Wage Calculation Quiz

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Questions and Answers

According to the Labor Code, what does the term 'wage' refer to?

  • The fair and reasonable value of board and lodging provided by the employer
  • The profit earned by the employer
  • The remuneration or earnings of an employee (correct)
  • The fixed amount of money paid to an employee

Under the Labor Code, how many hours should be the normal hours of work for any employee?

  • Six (6) hours a day
  • Ten (10) hours a day
  • Twelve (12) hours a day
  • Eight (8) hours a day (correct)

What is included in the definition of 'wage' according to the Labor Code?

  • The fixed amount of money paid to an employee
  • The fair and reasonable value of facilities provided by the employer (correct)
  • The profit earned by the employer
  • The commission basis of payment

What is excluded from the 'fair and reasonable value' according to the Labor Code?

<p>The profit earned by the employer (D)</p> Signup and view all the answers

According to the Labor Code, what does 'hours worked' include?

<p>All time during which an employee is required to be on duty or to be at a prescribed workplace (A)</p> Signup and view all the answers

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