Payroll and Compensation Quiz

Net Pay is the sum of the product of Pay per Hour & Total Worked Hours, and Overtime Pay per Hour & Total Overtime Hours. (Pay per Hour * Total Hours Worked) + (Overtime Pay per Hour * Total Overtime Hours)

• TRUE

• FALSE

What is the first step in computing salary using e-spreadsheet?

• open a new blank e-spreadsheet

• saved the file on the location

• create a file

• enter the column names in the following hierarchy

A compensation usually quoted annually or monthly for an employee?

• wage

• benefits

• net income

• salary

Shortcut key for COPY.

• CTRL+V

• CTRL+C

• CTRL+Z

• CTRL+X

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

• wage

• benefits

• net income

• salary

Which of the following is the rate of pay if you work on a special day?

• 130%

• 150%

• 200%

• 260%

Refers to compulsory premium payments on life insurance and retirement benefits?

• regular

• employees compensation fund

• salary

• interest

Refers to the use of charts and graphs to visually display, analyze, clarify, and interpret numerical data, functions, and other qualitative structures?

• Graphical Representation

• microsoft word

• microsoft excel

• Hologram

What type of graph is given IN FIGURE 1?

• line graph

• bar graph

• circle

• picto graph

List are some taxable benefits except

• wages

• salaries

• commission

• cash gift