WorksheetsMEL 3E Making Money Definitions
Total questions: 10
Worksheet time: 5mins
What is the term for the total pay per year?
Gross pay
Annual pay
Wage
Vacation pay
What is salary called before any extra pay from commission or bonuses? For example, in a sales position you may make this!
Base Salary
Annual Salary
Take Home Pay
Deductions
If you are paid every other week, you are paid...
Annually
Monthly
Weekly
Biweekly
Money taken off your paycheque automatically (for taxes, CPP, EI and other costs) are called...
Net Pay
Wage
Deductions
Expenses
When you earn TWO TIMES your wage (usually for working extra hours), it's called:
Hourly
Double-time
Triple-time
Extra
Your wage usually refers to...
Your hourly rate of pay
What you make in a year
The deductions off your paycheque
Vacation Pay
The lowest wage allowed in Ontario is currently $14.35/hour for adults (less for students and servers). What is this called?
Annual Salary
Wage
Net Pay
Minimum wage
Take-home pay is also called...
Net Pay
Gross Pay
Annual pay
Hourly pay
This is a fixed amount of compensation (pay) for working in a job. It's a yearly (annual) amount that you are paid regardless of how many hours you worked!
Hourly wage
Commission
Piecework
Salary
What is REMUNERATION?
Money paid for work
Being paid a salary
Getting paid from your hourly job
Earning money from selling items on Etsy
All of the above
