Payroll and Earnings Quiz

What is the total amount earned by all employees for a pay period called?

• Salary

• Payroll

• Commission

• Net Earnings

What is the money paid for employee services known as?

• Commission

• Payroll

• Salary

• Regular Earnings

What is payment based on the price of items sold called?

• Hourly Wages

• Commission

• State Taxes

• Medicare Tax

What is payment based on the number of hours worked referred to as?

• Salary

• Commission

• Hourly Wages

• Deduction

What is a business form used to record payroll information?

• Payroll register

• Employee earnings record

• Deduction

• Gross Earnings

How are regular earnings for hourly employees calculated?

• By multiplying the number of hours worked times the rate of pay

• By adding overtime earnings

• By deducting taxes

• By calculating commission

What are overtime earnings usually based on?

• 1.5 times regular hourly pay

• 2 times regular hourly pay

• Regular hourly pay

• Commission

What is the addition of regular and overtime earnings called?

• Net Earnings

• Gross (Total) Earnings

• Deduction

• Payroll

What is a federal tax paid by employees for old-age, survivors, and disability insurance?

• Medicare Tax

• State Taxes

• Social Security Tax (Withholding Allowance)

• Payroll

What is a federal tax paid for hospital insurance?

• State Taxes

• Social Security Tax

• Medicare Tax

• Deduction