Gross Income Vocabulary

Gross income is:

• the total amount of money you earn

• the amount of money you receive after decuctions are subtracted

• the total amount of money you spend

• sales taxes on items you buy

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

A fixed amount of money that your earn on a regular basis is ...

• salary

• piecework

• commission

• hourly pay

A pay period with occurs 24 times a year is ...

• weekly

• bi-weekly

• semi-monthly

• monthly

Tags

CCSS.4.MD.A.2

A pay period with occurs 12 times a year is ...

• weekly

• bi-weekly

• semi-monthly

• monthly

A pay period with occurs 52 times a year is ...

• weekly

• bi-weekly

• semi-monthly

• monthly

A pay period with occurs 26 times a year is ...

• weekly

• bi-weekly

• semi-monthly

• monthly

A ___________________ is a recurring length of time over which an employee is paid.

• paycheck

• weekly time card

• salary

• pay period

What type of pay is it when you receive a specified amount of money for each item of work that you complete?

• hourly pay

• salary

• piecework

• commission

Tags

CCSS.7.RP.A.3

What type of pay is it when the amount of money that you are paid is based on sales?

• hourly pay

• salary

• piecework

• commission

Tags

CCSS.7.RP.A.3

A method of compensation for the sales people where the commission earned as a percentage of sales increases incrementally with the increase in the sales volume is called ...

• commission

• salary

• piecework

• graduated commission

Tags

CCSS.7.RP.A.1

CCSS.7.RP.A.2

CCSS.7.RP.A.3