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L Direction: Write TRUE if the statement is true, and FALSE if otherwise. Write your answer before each
number.
1. Overtime pay is part of deductions.
2. Wages refers to the earnings received by a worker on a piece rate, hourly rate, or daily rate.
3. If the total deduction is 0, then it follows that gross earnings is equal to net eamings.
4. The sum of the deductions and the net pay sometimes equals the total earnings.
5. Earnings of employees paid on a monthly or annual basis are generally referred to as salary.​