PF - Ch 2 Review

What is typically earned by teachers, executives and business managers?

• salary
• wage
• commission
• Sall of the above

What type of pay do salespeople generally earn?

• salary
• wage
• commission
• all of the above

If I get paid every 15th and 30th, what type of pay do I get?

• weekly
• bi-weekly
• monthly
• semi-monthly

Taxes that you do not agree to paying will be taken out of your paycheck no matter what.

• true
• false

Overtime is always time and a half.

• true
• false

If I earn a salary, I can earn overtime.

• true
• false

Fixed amount of money you earn on a regular basis, such as monthly or yearly

• salary
• wage
• commission
• medicare

which is NOT an example of gross income

• salary
• wage
• commission
• FICA

comprised of Medicare and Social Security

• Federal Income tax
• state income tax
• FICA
• deduction

money taken out of your paycheck

• Federal Income tax
• state income tax
• FICA
• deduction