Payroll Cost Calculations


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question 1 of 3

Joe works 18 hours at $13/hour. His tax rate is 12 percent. What is Joe's gross pay?

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1. Michael works 46 hours, of which 6 hours were overtime. His regular wage is $12/hour; overtime is paid at 1.5 that rate. If his tax tax rate is 15 percent, how much tax will Michael pay?

2. Jenny worked 44 hours (4 hours were overtime - she is paid time and a half for that). Her regular wage is $16/hour. She was also given a bonus of $50. Given that her tax rate is 14 percent, what is Jenny's net pay?

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About This Quiz & Worksheet

Examining what is good for us but not so good for a business, this quiz and corresponding worksheet will help you gauge your knowledge of calculating payroll costs. Topics you'll need to know to pass the quiz include understanding how to find the gross pay as well as knowing what someone's taxes would be.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review:

  • Gross pay
  • How to calculate taxes
  • Net pay

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Interpreting information - verify you can read information regarding how to calculate taxes and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about what a person's taxes would be
  • Problem solving - use acquired knowledge to solve payroll cost problems

Additional Learning

To learn more about how to give a good paycheck to someone, review the corresponding lesson Payroll Cost Calculations. This lesson will help you:

  • Understand what payroll is
  • Explain the difference between gross and net pay
  • Identify how to factor in overtime in a paycheck
  • Describe the deductions that need to be accounted for
  • Appreciate how to calculate the net and gross pay