Midterm Vocabulary Review

Which of the following describes commissions?

• A percentage of sales earned by a salesperson.

• Additional income earned for extra hours worked.

• A percentage of your income that is paid to the government.

• Your wages before deductions are taken out.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

Which of the following describes gross pay?

• Your final wages after deductions are taken out.

• Your wages before deductions are taken out.

• Money earned for doing jobs that are messy.

• Wages earned through tips.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

Which of the following describes net pay?

• Your total wages after deductions are taken out.

• Your wages before deductions are taken out.

• Money earned for a job that is done online.

• A percentage of your paycheck that is taxed.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

Which of the following describes a unit price?

• The price for one unit of an item (e.g. per oz or lb).

• The selling price of an item.

• The discounted price of an item.

• The price for an item in bulk.

Tags

CCSS.6.RP.A.1

CCSS.6.RP.A.2

As decimal, 12% is written

• .12

• .012

• 1.2

• 12.0

As a decimal, 20% is written

• .2

• 2.0

• .020

• 20.0

As a decimal, 2.85% is written

• .0285

• .285

• 285.0

• 28.5

As a decimal, 8% is written

• .08

• .8

• 8.0

• 80.0

When renting an apartment, the lease is

• a contract that describes how long you will rent the apartment and for how much.

• a one-time payment that covers any costs for repairs or cleaning after you move out.

• a fee that is charged in order to have pets.

• a fee that is charged for parking your car in the lot.

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

A security deposit is

• a one time fee that covers any costs for repairs or cleaning after you move out.

• a monthly fee for having a pet.

• the cost for installing a home security system in your apartment.

• a one time fee for applying to rent apartment.

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4