fbla introduction to financial math

What is gross pay?

• When your paycheck is covered in slime.

• An employee's pay before deductions are taken.

• An employee's pay after deductions are taken.

• An employee's deductions.

• I don't know.

What is a gratuity?

• Advice.

• A tip.

• A payment.

• I don't know.

What is the term of sale?

• The amount of time an object is sold for

• An agreement made between a buyer and a seller of goods or services

• I don't know

What is a purchase order?

• The order that the things are purchased in

• A document between a buyer and seller outlining the types, quantities, and agreed prices for products.

• When someone demands you purchase something of theirs.

• I don't know

What is an invoice?

• A group of emails for an employee to sort through.

• A document that a seller gives to a buyer for the buyer to use to say what he/she did for the buyer and the agreed payment.

• I don't know

What is maintained markup?

• An increase in prices that does not change.

• When businesses make corrections to their texts and don't change them.

• The difference between the cost of the goods and the price at which they are sold.

• I don't know.

Fringe benefits

• A benefit to an employee's salary, like health insurance.

• A small amount of extra money added to an employee's salary.

• When you pay someone using something unusual, like gold.

• I don't know.

What is the maturity value?

• How much an amount of money will mature in a year.

• When an object will mature.

• The amount due on a bill's due date.

• I don't know.

What is an insurance premium?

• The maximum level of insurance.

• The amount a company or person must pay for an insurance policy.

• I don't know.

What is an insurance deductible?

• The amount of money the insured has to pay before the insurance company has to pay anything

• The amount of money that the insurance company pays you if you file a claim.

• When an insurance company decides to reduce the amount of money you have to pay them.

• I don't know.