Chapter 1 Vocabulary Quiz

A fixed amount of money paid for each hour of work.

• Hourly rate

• Overtime pay

• Gross income

• Straight-time pay

The total amount paid during a pay period.

• Hourly rate

• Overtime pay

• Gross income

• Straight-time pay

Extra pay for hours worked beyond the regular number of hours.

• Hourly rate

• Overtime pay

• Gross income

• Straight-time pay

The total amount of money earned for a pay period at a regular hourly rate.

• Hourly rate

• Overtime pay

• Gross income

• Straight-time pay

An overtime pay rate of 1½ times the hourly rate.

•  Time and a half

• Double time

• Weekly time card

• Piecework

A worker receives a specified amount of money for each item of work completed.

•  Time and a half

• Double time

• Weekly time card

• Piecework

An overtime pay rate of twice the regular hourly rate.

•  Time and a half

• Double time

• Weekly time card

• Piecework

A daily record of the time you report to work and the time you depart.

•  Time and a half

• Double time

• Weekly time card

• Piecework

A specified amount of money paid for each sale or a percent of the total value of the sale.

• Salary

• Commission

• Commission Rate

• Straight Commission

An amount of money paid for selling a product or service

• Salary

• Commission

• Commission Rate

• Straight Commission