Chapter 2 Name 3 section: problem solving Activity 2.1 Computation of Gross Pay Directions: Based on the information given in the following problems, compute the gross pay. 1. Regular hours worked: 40 Overtime hours worked: 8 Regular rate of pay: $7.75 per hour 2. Regular hours worked: 40 Overtime hours worked: 4 Regular rate of pay: $7.80 per hour 3. Hours worked: 46 Regular rate of pay: $7.82 per hour punwolls I nocisq sigale a 104 4. Regular salary: $984 per month Overtime rate: $10.39 per hour (14 hours overtime to be paid) 5. Hours worked: 51 Overtime hours worked: 11 Regular rate of pay: $7.35 per hour 6. Regular salary: $1, 100 per month Overtime rate: $10.38 per hour (20 hours overtime to be paid) fordguoull ovse of venom storm overd boy ind be Income andi soubsT 7. Annual pay: $22,200. Calculate monthly pay. 8. Annual pay: $14,900. Calculate monthly pay. 13Section 2 Review Questions 2 section: review questions Chapter 2 After each of the following statements, circle T for a true statement or F for a false statement sect Answers For 3 prob Scoring Activity 1. If the regular rate of pay is $9 an hour, the overtime rate is T Directions: $13.50 an hour. 2. Employers must contribute matching amounts of Social Security and T 2 1. Regula Medicare taxes into each employee's account. 3. Net pay is the result when you subtract required and optional deductions T F 3 er U from gross pay . 4. Some types of deductions may be withheld from your paycheck T F 4. 2. Regula Per Un without your written consent because they are required by law. 5. Employee benefits and incentives are offered by companies to improve T F morale and working conditions. T F 6. e it costs 6. Profit sharing is an employee benefit required of all employers. T F 3. Hour each shi 7. Job sharing is a job design in which employees are trained to do ban 7 . money more than one specialized task. T F 8 . 8. The main function of unions is mediation to help settle disputes. boguide 9. The American Bar Association is a professional organization for T F 9. lawyers. gomoons of es. 4. Reg 10. Lobbying is an illegal activity engaged in by many unions and roud ai bos T F 10. professional organizations. anta On the line at the right of each sentence, print the letter that represents the word or group of words correctly completing the sentence or answering the question. nu to nodonut them T 5. H 1. Which of the following is not considered a required deduction? (a) federal volqing is grushow income tax, (b) savings deposits, (c) state tax, (d) Social Security tax 1. 2. Employee incentives include all of the following except Isrhod bluode less (a) employee discounts, (b) income tax deductions, (c) wellness programs, (d) profit sharing. 1801 2. 6. R 3. A company plan whereby employees receive a portion of the earnings of the company is called (a) profit sharing, (b) leave of absence, (c) sick pay, (d) retirement plan. 3. 4. A company allowance for full-time employees whereby they are paid even though they are absent for a set number of days for illness is called 15 muofs Islol ed 7 . (a) profit sharing, (b) leave of absence, (c) sick pay, (d) retirement plan. 4. 5. Railroad employees would belong to a(n) _ _ union. (a) craft, alw (b) industrial, (c) public employee, (d) professional nim 5. 6. Teachers and police officers would belong to a(n) union. (a) craft, 8 . (b) industrial, (c) public employee, (d) arbitration How 7. The major function of unions is (a) collecting dues, (b) conducting 6. strikes, (c) bargaining, (d) having meetings. boen sup 8. A technique for training employees to be efficient in more than one 7. specialized area is called (a) core time period, (b) job rotation, (c) flextime, (d) job sharing. 9. A decision facilitated by a neutral third party is called (a) lobbying, 8. (b) seniority, (c) bargaining, (d) mediation. en nworl 2295079 9. 12