Ch.1 Test Financial Literacy

The highest pay rate allowed by law for each regular hour of work

The lowest pay rate allowed by law for each regular hour of work

The pay rate set by the employer for each regular hour of work

The pay rate negotiated between the employee and employer for each regular hour of work

Pay received for hours worked in addition to regular hours

Pay received for regular hours of work

Pay received for sick leave

Pay received for personal leave

A set fee or percentage of a sale paid to an employee instead of or in addition to salary or wages

A set fee or percentage of a sale paid to an employee as salary or wages

A set fee or percentage of a sale paid to an employer instead of or in addition to salary or wages

A set fee or percentage of a sale paid to an employer as salary or wages

Paid vacation and savings plan

Paid sick leave and personal leave

Paid vacation and sick leave

Paid personal leave and savings plan

Money available to spend or save before taxes have been paid

Money available to spend or save after taxes have been paid

Money available to spend or save after all expenses have been paid

Money available to spend or save before all expenses have been paid