Budgets/Expenses

The total amount you earn before any deductions are subtracted is called __________ pay.

• Gross
• Incentive

A car salesperson receives a commission of 8% on all sales.  If he sold  $40,000 worth of cars in one week, find his commission.

• $320,000.00
• $5000.00
• $3200.00

__________ is time worked beyond the regular hours.

• Flextime
• Bonus
• Wage
• Overtime

You are paid $10 per hour. A regular work week is 40 hours. What is you gross pay for a 49 hour week? Include overtime at a rate of $15 each additional hour.

• $565.00
• $600.00
• $535.00
• $743.00

For which of the following would an employer with hold money from an employee's pay?

• Federal income tax
• Social Security tax
• Medicare Tax
• All of the above

Tyler noticed that money was withheld from his pay for taxes and some benefits. This withholding is called ________?

• Expenses
• Withholding
• Deductions
• Reductions

What day is the most important tax day of the year?

• August 15
• April 15
• December 30
• June 30

The most important thing to consider when getting a job would be

• do I have a name tag
• the benefits

What kind of insurance should you have in case you get sick and need help?

• health insurance
• sick leave
• a benefit
• wage

What two things does a budget compare?

• Income and Expenses
• Savings and Interest
• Income and Investments
• Expenses and Expenditures