Earned Income Review

Flashcard
•
Mathematics
•
12th Grade
•
Hard
+10
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is earned income?
Back
Earned income is money obtained from working, including wages, salaries, tips, and commissions.
2.
FLASHCARD QUESTION
Front
How do you calculate hourly wage from total earnings?
Back
Hourly wage = Total earnings / Total hours worked.
Tags
CCSS.6.RP.A.3B
3.
FLASHCARD QUESTION
Front
If Emily earned $270 for 12 hours of work, what is her hourly wage?
Back
$22.50
Tags
CCSS.6.RP.A.1
CCSS.6.RP.A.2
4.
FLASHCARD QUESTION
Front
What is gross pay?
Back
Gross pay is the total amount earned by an employee before any deductions such as taxes or benefits.
Tags
CCSS.6.NS.B.3
5.
FLASHCARD QUESTION
Front
How do you calculate total gross pay with a base salary and commission?
Back
Total gross pay = Base salary + (Commission rate x Total sales).
Tags
CCSS.7.EE.B.3
6.
FLASHCARD QUESTION
Front
If Mark has a base salary of $1,800 and earns a 1.2% commission on $90,000 in sales, what is his total gross pay?
Back
$2,880
Tags
CCSS.6.RP.A.3C
7.
FLASHCARD QUESTION
Front
What is a commission?
Back
A commission is a payment to an employee based on the sales they generate, typically expressed as a percentage.
Tags
CCSS.6.RP.A.3C
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