BUSINESS MATH | SECOND QUARTER

This refers to the amount paid for the use of money.

• Maturity Value

• Rate

• Principal

• Interest

This is the amount of money received by an employee or agent for performing a business transaction or service.

• Commission

• Finance Charge

• Balance

• Salary

Full amount of money that must be repaid when the loan is due.

• Principal

• Maturity Value

• Interest

• Rate

This is a method of compensation for the sales agent where the commission earned as a percentage of sales increases regularly with the increase in sales volume

• Commission

• Salary plus Commission

• Straight Commission

• Graduated Commission

The amount held by any authority as a form of payment from some necessary dues like taxes, loans, etc.

• Payslip

• Salary

• Deductions

• Earning

The mount contributed by any wage earner to the government. It is computed based on the taxable income

• Withholding tax

• Gross Earnings

• Deduction

• Net Earning

How much is the PAG-IBIG fund pay deduction?

• Php 20

• Php 200

• Php 400

• Php 40

Remuneration given an employee in exchange of his or her services. Usually paid on a weekly, bi-weekly, semi-monthly or monthly basis.

• Compensation

• Pay

• Salary

• Commission

Agreed and fixed annual amount of
money the employee receives regardless of the hours
worked.

• Salary

• Deduction

• Commission

• Income

Which among the statement is NOT true.
I. Piece work is the pay based on the number of items produced.

II. Hourly rate is the amount of money that is charged, paid or earned for every hour work.

III. Daily rate is the amount of money that is charged, paid or earned for a single day.

• I and III

• I only

• II only

• None of the above