Business Mathematics Quiz 1

Which of the following best describes the compensation or reward an employee receives from his or her employer in exchange for the services the latter receives?

• Employee compensation

• Basic Pay

• Wages

• Overtime pay

Which of the following describes the pay that employees receive in the form of wages or salaries?

• Benefits
• Bonuses
• Vacation time
• Basic Pay

Which of the following refers to the earnings received by worker on a piece rate, hourly rate, or daily rate?

• Basic Pay

• Employee compensation

• Wage

• Overtime pay

Which of the following refers to the excess payment over the regular rate?

• Basic Pay

• Wages

• Employee compensation

• Overtime pay

Which of the following refers to the earnings less certain payroll deductions?

• Wages

• Basic Pay

• Employee compensation

• Net pay

Which of the following is the meaning of SSS?

• Social Security System

• Social Security Service

• Social System Security

• Security Social System

Which of the following is the meaning of GSIS?

• Government System Insurance Service

• Government Service Innovative System

• Government Service Insurance System

• Global Security and Innovative Strategies

Which of the following is stated in the article 83 of the Labor Code?

• An employee permitted to work on his or her schedule rest day, he or she shall be paid an additional compensation of at least 30% of his or her wage plus at least 25% thereof.

• Work may be conducted beyond eight hours per day if the employee is paid an additional compensation equal to his usual wage + 25% of his regular wage.

• The normal work hours of work of any employee shall not exceed eight hours a day.

• Work on a rest day which falls on a regular holiday shall be paid 260% of regular hourly rate.

Which of the following is stated in the article 94 of the Labor Code?

• Work may be conducted beyond eight hours per day if the employee is paid an additional compensation equal to his usual wage + 25% of his regular wage.

• The normal work hours of work of any employee shall not exceed eight hours a day.

• Work on a rest day which falls on a regular holiday shall be paid 260% of regular hourly rate.

• An employee permitted to work on his or her schedule rest day, he or she shall be paid an additional compensation of at least 30% of his or her wage plus at least 25% thereof.

Which of the following is stated in the article 87 of the Labor Code?

• An employee permitted to work on his or her schedule rest day, he or she shall be paid an additional compensation of at least 30% of his or her wage plus at least 25% thereof.

• The normal work hours of work of any employee shall not exceed eight hours a day.

• Work on a rest day which falls on a regular holiday shall be paid 260% of regular hourly rate.

• Work may be conducted beyond eight hours per day if the employee is paid an additional compensation equal to his usual wage + 25% of his regular wage.