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Multiple Choice Quiz
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1

An Employee # 345 worked 45 hours in the week ended in January 31. The employee’s hourly rate is $15.00. How much is his/her weekly gross earnings?
A)$600.00
B)$112.50
C)$675.00
D)$712.50
2

Lina Ellen works a biomedical technician in a medical office. Her annual salary is $100,000. Her overtime rate is 1 ½ times her regular rate and she is paid that rate on all hours worked beyond 40 hours in a week. She worked 50 hours this week, her total gross earnings including her overtime earnings for this week is:
A)$1927.07
B)$721.15
C)$2403.85
D)$2644.33
3

Mr. Edwards is an hourly employee hired by Micromanage systems with an annual wages of $52,000. Micromanages systems payroll is paid in a semi-monthly basis. The regular hourly rate for Mr. Edwards is:
A)$100
B)$40
C)$25
D)$50
4

Elliot is an hourly employee, with a monthly wages of $2,500. The company’s payroll is paid in a biweekly basis. The overtime hourly rate for Elliot is:
A)$15.50
B)$21.64
C)$15.63
D)$14.42
5

A profit-sharing plan is a plan:
A)Provides a fixed amount of wages for each hour worked.
B)In which a company distributes parts of its earnings to employees in the form of cash or stock.
C)That pays salespeople on the basis of the sale made.
D)None of the above
6

An exempt employee is a worker that is not exempt from some or all of the FLSA requirements, such a minimum wage, equal pay and overtime pay.
A)True
B)False
7

If a firm is covered by the Fair Labor Standard Act (FLSA), it must ensure that the weekly earning of its piece-rate employees is at least, equal to the federal minimum wage.
A)True
B)False
8

A commission rate:
A)is an hourly wage
B)a fixed salary
C)a percentage based on sales
D)hourly wages based on output
9

A “tipped employee" is:
A)An employee that receives tips of $5 or less a month
B)An employee that receives tips of $10 or less a month
C)An employee that receives tips of more than $15 a month
D)An employee that receives tips of more than $20 a month
10

A bonus is:
A)A reward for extra effort on the job
B)A gift given to employees after a successful period of operations
C)Addiotnal compensation if certain objectives are achieved
D)All of the above
11

The minimum cash wage required for tipped employees is:
A)$2.00
B)$0.00
C)$2.13
D)$1.50





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