Dollars & Sense Fall Semester Review

Front

The lowest hourly wage employers can pay most workers by law is

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Minimum wage

Front

Income paid as a percentage of sales made by a salesperson

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Commission

Front

Money added to an employee's base pay is

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Bonus

Front

Movement of funds from one account to another is

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Transfer

Front

The lowest amount required, on a credit card, to keep the account in good standing is

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Minimum payment

Front

When you owe more money than you have is a

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Debt

Front

Amount you can charge on an account and is determined by the credit card company is

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Credit limit

Front

The term for an original amount of money on which interest is calculated is

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Principal

Front

APY stands for Annual Percent Yield

Back

True

Front

Another name for 'tip' is 'gratuity'.

Back

True