Unit 2 - Part A - Gross Income Review

1. __________________ is a fixed amount of money for each hour you work.

• Straight-time pay

• Hourly rate

• Gross pay

• Overtime

The total amount of money you earn for a pay period at the regular hourly rate is called a(n) ____________________.

• hourly rate

• gross income

• straight-time pay

• double time

The total amount you are paid during a pay period is often called __________________.

• gross pay

• hourly rate

• double time

• straight-time pay

When you work more than the regular number of hours and are paid at a higher rate, this is called a(n) ________________________.

• straight-time pay

• double time

• time and a half

• overtime pay

_________ is a specified amount of money received for eacxh item completed.

• Salary

• Piecework

• Hourly Rate

• Gross Pay

The amount of money that you are paid for selling a product or service is called ​ ______________. ​

• Commission

• Commission rate

• Straight commission

• Piecework

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

• sale

• commission rate

• commission

• time

Pay based on a​ different rate of commission for each of several levels of sales is called _____________.​ ​ ​

• commission

• graduated commission

• straight commission

• commission rate

Write each as a decimal.

87%

• 0.087

• 87

• 8.7

• 0.87

Write each as a decimal.

0.4%

• 0.04

• 0.004

• 0.4

• 40