Quarter 1/3 review quiz

On a bank statement, a debit will be ________ to the balance.

• deducted

• added

What is the pay called before taxes and deductions are taken out?

• Net Pay

• Gross Pay

• Overtime Pay

• Disability Pay

What is the deadline for paying federal income tax?

• January 1st

• Your birthday

• December 31st

• April 15th

In a budget, a 'need' is considered:

• A. An essential item

• B. A wish item

• C. A trade

• D. Something your mom asked for

The earliest economies were gift economies and ______________ systems.

• Barter

• Credit

• Paper currency

• Gold coin

Part time hours:

A. Fewer than 32 hours of work per week

B. More than 32 hours of work per week

C. Money you earn after deductions are taken out of your paycheck

D. How much money you earn per hour

• Fewer than 32 hours of work per week

• More than 32 hours of work per week

• Money you earn after deductions are taken out of your paycheck

• How much money you earn per hour

What is Income:

A. Money you earn before deductions like taxes come out

B. Length of time between paychecks

C. Money you earn from working

D. Something taken out of your paycheck like taxes or insurance

• B. Length of time between paychecks

• C. Money you earn from working

• D. Something taken out of your paycheck like taxes or insurance

What came first, paper money or coins?

• Paper Money

• Coins

If you work overtime hours and your employee pays overtime, how will your pay be calculated?

• double the regular pay

• time and 1/2

• the same rate as regular pay

If your work holidays at a job that pays you extra, how is your pay calculated?

• double the regular hourly wage

• the regular wage

• regular time + 1/2 per hour