CONSUMER MATH UNIT 1 VOCAB

A fixed regular payment.

• Budget

• Gross Pay

• Wages

Tags

CCSS.6.NS.B.3

What are expenses?

• A charge that is the same for all cases

• The cost required for something; the money spent on something

• an arrangement whereby an employer guarantees employees a minimum amount of wages or employment during a year.

Tags

CCSS.7.EE.B.3

What is sales tax

• is the term used to describe all of the money you've made while working at your job, figured before any deductions are taken for state and federal taxes, Social Security and health insurance.

• a tax on sales or on the receipts from sales.

• is additional compensation the employee receives for exceeding expectations.

Tags

CCSS.6.RP.A.3D

What is sales commission

• a tax on sales or on the receipts from sales.

• an estimate of income and expenditure for a set period of time.

• is additional compensation the employee receives for exceeding expectations.

Tags

CCSS.7.RP.A.3

What is Gross Pay

• all of the money you've made while working at your job, figured before any deductions are taken

• an additional pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay.

• an estimate of income and expenditure for a set period of time.

Tags

CCSS.3.OA.D.9

What is your Net Pay

• The gross pay minus any deductions (take home pay)

• a tax on sales or on the receipts from sales.

• an additional pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay.

Tags

CCSS.6.NS.B.3

What is overtime pay?

• a deduction from the usual cost of something

• pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay.

• a tax on sales or on the receipts from sales.

Tags

CCSS.7.RP.A.3

What is meant by salary

• a deduction from the usual cost of something

• a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum

• Cost required for something

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

What is meant by depreciation

• Take home pay after deductions

• a reduction in the value of an asset with the passage of time, due in particular to wear and tear.

• A cost required for something

Tags

CCSS.7.RP.A.3

What is a budget

• an estimate of income and expenditure for a set period of time

• all of the money you made while working at your job

• a fixed regular payment, typically paid on a monthly or biweekly basis