Financial Literacy Quiz

an amount of money paid to an employee at a specific rate per hour worked

a minimum price that an employer can pay a worker for an hour of labor

time worked beyond the regular hours

a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

a gift of money (often a percent of the bill) to a person for performing a service

an amount paid to an employee based on a percentage of the employee's sales

a financial gain, esp. the difference between the amount earned and the amount spent in buying, operating, or producing something

a monetary reward for a job well done

indirect and non-cash compensation in addition to their normal wages or salaries paid to an employee. some benefits are mandated by law (such as social security, unemployment compensation, and workers compensation), others vary from firm to firm or industry to industry (such as health insurance, life insurance, medical plan, paid vacation, pension, and gratuity).

paid vacation, sick days, holidays, personal days; some companies may allow for accumulation or carryover