Wages and Salaries

Calculate the hourly wage if an employee earns PHP 400 for working 40 hours in a week.

• PHP 10 per hour

• PHP 8 per hour

• PHP 12 per hour

• PHP 15 per hour

Determine the annual salary of an employee who earns PHP 20 per hour and works 8 hours a day for 5 days a week.

• PHP 45,000

• PHP 38,500

• PHP 36,400

• PHP 41,600

Differentiate between wages and salaries.

• Wages are paid hourly based on hours worked, while salaries are fixed amounts paid regularly.

• Wages are fixed amounts paid regularly, while salaries are based on performance.

• Wages are only given to part-time workers, while salaries are for full-time employees.

• Wages are paid monthly, while salaries are paid weekly.

If an employee earns PHP 30 per hour and works 10 hours a day for 6 days a week, calculate the weekly wage.

• PHP 1500 per week

• PHP 1600 per week

• PHP 1800 per week

• PHP 2000 per week

Calculate the monthly salary of an employee who earns PHP 25 per hour and works 9 hours a day for 5 days a week.

• PHP 2250

• PHP 2100

• PHP 2400

• PHP 2000

What factors can influence an individual's wage or salary?

• Zodiac sign, pet preference, music taste

• Weather forecast, traffic conditions, political affiliation

• Hair color, favorite food, shoe size

• Education level, work experience, industry demand, location, negotiation skills, and company policies.

If an employee's hourly wage is PHP 18 and they work 35 hours in a week, calculate their weekly wage.

• PHP 540

• PHP 450

• PHP 700

• PHP 630

Discuss the concept of minimum wage and its importance.

• Minimum wage discourages consumer spending.

• Minimum wage is the highest wage that employers are legally allowed to pay their employees.

• Minimum wage has no impact on income inequality.

• Minimum wage is the lowest wage that employers are legally allowed to pay their employees. It is important as it helps ensure workers receive fair compensation for their work, reduces income inequality, and stimulates consumer spending.

If an employee earns PHP 22 per hour and works 12 hours a day for 4 days a week, calculate the weekly wage.

• PHP 1056

• PHP 1100

• PHP 924

• PHP 800

Explain the difference between gross pay and net pay.

• Gross pay is the total amount of money earned before any deductions, while net pay is the amount of money received after deductions such as taxes and benefits.

• Gross pay includes benefits, while net pay does not

• Gross pay is calculated weekly, while net pay is calculated monthly

• Gross pay is the amount after deductions, while net pay is the total earnings