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Salaries & Wages Activity 1

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.

A fixed amount in each pay period

a)

Compensation

b)

Salary

c)

Wage

d)

Commission

2.

Given to an employee in which the amount is from a portion of the sales.

a)

Commission

b)

Per-piece rate

c)

Salary

d)

Bonus

3.

Benefits that are received by an employee or worker in exchange for the service they provide to their employer.

a)

Wages

b)

Salary

c)

Bonus

d)

Compensation

4.

Money that an individual receives in exchange for providing good/service or through investing capital

a)

Income

b)

Benefits

c)

Bonus

d)

Compensation

5.

Write S if it is a salary, W if it is wages,

P if it is per-piece, and C if it is commission.


₱15,000 per month

(a)  

6.

Write S if it is a salary, W if it is wages,

P if it is per-piece, and C if it is commission.


₱75 per hour

(a)  

7.

Write S if it is a salary, W if it is wages,

P if it is per-piece, and C if it is commission.


35% of the sales

(a)  

8.

Salary and Wage vary depending on the nature of work.

a)

TRUE

b)

FALSE

9.

Write S if it is a salary, W if it is wages,

P if it is per-piece, and C if it is commission.


₱350 per product

(a)  

10.

Write S if it is a salary, W if it is wages,

P if it is per-piece, and C if it is commission.


₱24,000 bimonthly

(a)  

11.

All workers are under the "no work, no pay policy"

a)

TRUE

b)

FALSE

12.

As of today, April 2, 2024, how much is the basic minimum wage per day in NCR, Philippines?

a)

₱537.00

b)

₱533.00

c)

₱570.00

d)

₱610.00

13.

Salary and Wage vary depending on the location of work.

a)

TRUE

b)

FALSE

14.

Salary and Wage does not vary depending on the time of work.

a)

TRUE

b)

FALSE

15.

Net Income is the total amount you earned before deductions.

a)

TRUE

b)

FALSE