Timekeeping
Fill in the Blank: A ________ is used to record the hours an employee works each day.
Timecard
If you make $15.75 per hour and worked 36 hours, what is your gross pay?
$567.00
An annual salary of $52,000 paid weekly. How much is each paycheck before deductions?
$1,000.00
List two common payroll deductions
Examples: Federal tax, State tax, Social Security, Health Insurance
You earn 6% commission on $7,800 in sales. How much is your commission?
$468.00
You worked from 8:15 a.m. to noon and from 12:30 p.m. to 4:45 p.m. How many total hours did you work?
8 hours, 0 minutes
You make $12.50 per hour and worked 40 hours + 5 hours overtime at 1.5 times the normal pay rate. What is your Total pay?
$593.75
True or False: Salaried employees are always paid based on exact hours worked
False
If gross pay is $620 and deductions are $65, $38.44, and $50, find net pay.
$441.56
You make a base pay of $300 plus a 5% commission on $4,500. What is your total pay?
$525.00
True or False: Time is usually rounded to the nearest 15 minutes.
True
What is the formula to calculate gross pay?
Gross pay = hourly rate X hours worked
Define 'salary'
A fixed amount paid regularly to an employee
What is a payroll deduction?
Money subtracted from gross pay for taxes and benefits
Define 'commission'.
Pay based on percentage of sales
Calculate total hours worked: 7:45 a.m. to 11:30 a.m. and 12:15 p.m. to 5:00 p.m.
8 hours, 30 minutes
Explain 'time and a half' overtime pay
Overtime pay is 1.5x the regular rate after 40 hours
List one benefit of being a salaried employee
Stable income and benefits like health insurance
Why are payroll deductions important?
They fund taxes and benefits for employees
What type of job often pays commission?
Car salesman, real estate agent
Explain why accurate timekeeping is important for employers and employees.
Accurate timekeeping ensures correct pay and prevents disputes
Describe a job where hourly wages are most common and why.
Examples: Retail jobs, fast food work - paid hourly for hours worked
Explain the difference between salary and hourly pay
Salary is fixed; hourly pay varies by hours worked
List two examples of voluntary payroll deductions.
Examples: Retirement contributions, health insurance premiums
Explain the benefits of commission pay.
Encourages employees to sell more and earn more