Question
TRUE OR FALSE __1. Gross earnings is sometimes greater than net income. __2. Net earnings can be greater than gross earnings. __3. The total deduction
TRUE OR FALSE
__1. Gross earnings is sometimes greater than net income. __2. Net earnings can be greater than gross earnings. __3. The total deduction is always equal to the net earnings. __4. Gross + net earnings is equal to deduction plus twice the net earnings. __5. If the total deduction is 0, then gross earnings is equal to net earnings. __6. Overtime pay is part of deductions. __7. Taxes are added in the deductions. __8. Other benefits and payment of loans are deducted from the gross earnings. __9. If the total deduction is 0, then it follows that gross earnings is non-taxable. __10. If the gross deductions is more than the net earnings, then the net earnings is more than half of the gross earnings. __11. If total earnings is thrice of the deduction, then the net pay is twice of the deduction. __12. The sum of the deduction to and net pay sometimes equal to the total earnings. __13. If the total earnings is total to the deduction, then the net pay is twice as much as the deduction. __14. All wage earners can avail all benefits of a wage earner. __15. The total earnings of any employee is not always equal to the basic pay. __16. An employer can give 14th month pay to all of his employees that is equivalent to the 13th month pay. __17. Living allowance is a must benefits given to all employees. __18. A pregnant employee may not be qualified for a maternity leave benefit. __19. Retirement benefit can only be availed if the age of an employee is more than or equal to 60 years old. __20. Tax exemption benefit to minimum wage earner are only limited to basic salary, including allowances. __21. All allowances are nontaxable. __22. Nontaxable benefit includes all monetized leave credits. __23. Night shifts differential rate can be greater than overtime pay rate. __24. All employees are required to work overtime. __25. Daily rate is sometimes equal to hourly rate.
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