# Payroll & Purchasing Skills & Knowledge Test

18 Questions | Total Attempts: 1304

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• 1.
If a full time hourly is paid \$10 per hour, what is their annual salary?
• A.

\$19,200

• B.

\$22,100

• C.

\$18,500

• D.

\$20,800

• 2.
If a salaried employee makes \$31,200 per year, what is their hourly rate equivalent?
• A.

\$15.00/hr

• B.

\$16.25/hr

• C.

\$13.00/hr

• D.

\$14.75/hr

• 3.
When does an employee receive overtime pay?
• A.

When they have more than 40 hours of paid time in a week, including paid time off.

• B.

When they physically work more than 40 hours per week.

• C.

When their manager wants them to receive overtime pay.

• D.

When they work more than 8 hours in a day.

• 4.
If an employee works from 1:00 pm to 3:30 pm, how many hours did they work?
• A.

2.50 hours

• B.

2.25 hours

• C.

3.30 hours

• D.

2.30 hours

• 5.
A vendor offers the same pens for sale at either \$5.00 for a dozen or \$12.00 for three dozen. Which is the better deal?
• A.

\$5.00 for a dozen

• B.

\$12.00 for three dozen

• 6.
We get a new job for consumers gluing together flower barrettes. An average, non-disabled worker can glue 500 pieces in an hour and makes \$10 per hour. How much do we need to pay consumers for each piece they glue?
• A.

\$0.20

• B.

\$0.05

• C.

\$0.02

• D.

\$0.50

• 7.
An SCD employee earns \$9.00 per hour, and also receives a supplemental \$3.50 per hour in Health & Welfare benefits. If the employee works 35 hours in a week, what is their gross pay for that week?
• A.

\$315.00

• B.

\$437.50

• C.

\$350.00

• D.

\$450.50

• 8.
A full-time hourly employee has a pay rate of \$10.00/hr. If they work 50 hours in a week, what is their gross pay for that week?
• A.

\$500.00

• B.

\$550.00

• C.

\$400.00

• D.

\$450.00

• 9.
What is the current federal minimum wage?
• A.

\$7.50/hr

• B.

\$7.25/hr

• C.

\$5.35/hr

• D.

\$9.00/hr

• 10.
Employers are required to pay Social Security & Medicare taxes on wages paid to employees in addition to the the Social Security & Medicare taxes they deduct rom their employee's paychecks.
• A.

True

• B.

False

• 11.
Supplemental wages paid to employees, such as bonuses and commissions, are not taxable.
• A.

True

• B.

False

• 12.
What should you do if an employee wants requests a purchase totaling \$550, but their spending limit is \$50?
• A.

Obtain approval from someone above the employee that has a spending limit greater than \$500.00.

• B.

Split the order into two separate orders for \$225 each.

• C.

Place the order anyway, because \$50 is immaterial.

• D.

Tell the employee they can't place that order and they are out of luck.

• 13.
Which of these job duties are the responsibility of purchasing? (multiple answers)
• A.

Placing orders requested by company employees

• B.

Checking options to make sure we are receiving the best price available for all products that we order.

• C.

Create Purchase Orders in the accounting software to serve as documentation that the order was placed when the invoice arrives.

• D.

Process invoices through QuickBooks after the product is received.

• E.

Follow up on the status of back orders

• F.

Research discrepancies between the price a vendor quoted us when we made a purchase and the price they charged us when they sent the invoice.

• G.

Cut checks to vendors.

• H.

Go to the store to pick up items that employees request be purchased.

• 14.
An hourly employee who currently makes \$10.00/hr receives a 5% pay raise. What is their new hourly rate?
• A.

\$10.05/hr

• B.

\$10.50/hr

• C.

\$15.00/hr

• D.

\$11.00/hr

• 15.
We want to purchase a new laptop. At Best Buy, the laptop costs \$550 and shipping is a flat \$35 per order. At New Egg, the laptop costs \$575, and shipping general costs \$20 per order, but New Egg will waive the shipping charges for orders over \$300. Which is the better deal?
• A.

• B.

New Egg

• 16.
Sam is one of our employees. On payday, his wife calls and asks what his net pay was so she can balance her checkbook. Is it ok to tell his wife what he made?
• A.

Yes

• B.

No

• 17.
Human Resources lets you know that one of the sales reps is being terminated on Friday for failing to meet sales quotas so that you can make sure their payroll access is turned off prompty. Who should you share this information with?
• A.

No one.

• B.

The Accounts Payable person, so she can disable the sales rep's credit card

• C.

One of your coworkers who you trust to keep a secret.

• D.

The other sales reps so they know what is going to happen.

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