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Personal Finance Unit 2

Authored by Hudson Parliament

Financial Education

11th Grade

Personal Finance Unit 2
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53 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

rate of pay for each hour worked

Hourly wage

Commission rate
Daily wage
Overtime pay

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

lowest legal wage that can be paid to most workers

Living wage

Overtime wage

Base salary
Minimum wage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

pay received for hours worked in addition to regular hours

Living wage

Overtime wage

Base salary
Minimum wage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a fixed amount of money paid to an employee for each pay period regardless how many hours worked

Living wage

Overtime wage

Salary

Minimum wage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Commission
Salary
Bonus
Wage

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the extra money you make for providing service for customers

Tip

Commission

Overtime Pay

Profit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

rate of pay for each united produced

Commission

Overtime

Piecework Rate

Tips

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