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Math 10-3: Chapter 2 Earning an Income Review

Authored by Jason English

Mathematics

10th Grade

Used 4+ times

Math 10-3: Chapter 2 Earning an Income Review
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does bi-monthly amount paid mean?

Amount paid in one hour

Amount paid in one day

Amount paid every month

Amount paid every two months

Amount paid in one year

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does annual amount paid mean?

Amount paid in one hour

Amount paid in one day

Amount paid in one week

Amount paid in one month

Amount paid in one year

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does bi-weekly amount paid mean?

Amount paid in one hour

Amount paid in one day

Amount paid in one week

Amount paid in two weeks

Amount paid in one year

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is gross income?

The total amount of income before any deductions

The total amount of income minus before tax deductions

Total pay after deductions, otherwise known as the take home pay

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is net pay?

The total amount of income before any deductions

The total amount of income minus before tax deductions

Total pay after deductions, otherwise known as the take home pay

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a commission?

An amount paid to an employee based on a percentage of their sales

A fixed rate for each unit produced

A form of an incentive pay that provides extra cash

Additional compensation provided for employees who work other than the day shift. It may be a percentage of the base pay or factored into hourly rate.

An amount paid to an employee based on how well they did their job.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a tip?

An amount paid to an employee based on a percentage of their sales

A fixed rate for each unit produced

A form of an incentive pay that provides extra cash

Additional compensation provided for employees who work other than the day shift. It may be a percentage of the base pay or factored into hourly rate.

An amount paid to an employee based on how well they did their job.

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