Pay and Benefits Test

Commission is when you are paid a percentage on sales such as a relator or car salesman

• True

• False

A shift differential is when you are paid a different amount for working a different shift

• True

• False

Vacation is considered a benefit

• True

• False

If an employer has a "matching" program for your 401(k) that means:

They will match the amount of stocks you buy in the a company which you plan to put towards savings account

• True.

• False

A sales commission is always the same, month after month.

• True

• False

A pension is _________.

• income to use when you retire

• a place for criminals

• a small commission

• a sandwich

A commission is __________.

• a percentage paid for sales or services

• an old church

• the same thing as a pension

• income used when you retire

The total amount of income you earn in a pay period before any deductions are taken out

• Gross pay

• Net pay

• Wages

• Salary

A retirement saving plan which allows employees to save and/or invest in preparation for retirement

• Social Security

• 405(K)

• Medicaid

• 401(K)

Pay based on the amount of money an employee earns per hour

• Wages

• Salary

• Gross pay

• Net pay