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Math 10-3: Chapter 2 Earning an Income Review

Total questions: 20

Worksheet time: 25mins

Name
Class
Date
1.

What does bi-monthly amount paid mean?

a)

Amount paid in one hour

b)

Amount paid in one day

c)

Amount paid every month

d)

Amount paid every two months

e)

Amount paid in one year

2.

What does annual amount paid mean?

a)

Amount paid in one hour

b)

Amount paid in one day

c)

Amount paid in one week

d)

Amount paid in one month

e)

Amount paid in one year

3.

What does bi-weekly amount paid mean?

a)

Amount paid in one hour

b)

Amount paid in one day

c)

Amount paid in one week

d)

Amount paid in two weeks

e)

Amount paid in one year

4.

What is gross income?

a)

The total amount of income before any deductions

b)

The total amount of income minus before tax deductions

c)

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

5.

What is net pay?

a)

The total amount of income before any deductions

b)

The total amount of income minus before tax deductions

c)

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

6.

What is a commission?

a)

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

b)

A fixed rate for each unit produced

c)

A form of an incentive pay that provides extra cash

d)

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.

e)

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

7.

What is a tip?

a)

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

b)

A fixed rate for each unit produced

c)

A form of an incentive pay that provides extra cash

d)

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.

e)

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

8.

What is a bonus payment?

a)

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

b)

A fixed rate for each unit produced

c)

A form of an incentive pay that provides extra cash

d)

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.

e)

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

9.

What is piece work?

a)

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

b)

A fixed rate for each unit produced

c)

A form of an incentive pay that provides extra cash

d)

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.

e)

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

10.

What is a shift premium?

a)

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

b)

A fixed rate for each unit produced

c)

A form of an incentive pay that provides extra cash

d)

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.

e)

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

11.

Harpreet works as a carpenter for $20.87/h. How much will he earn in a 40-hour work week?

12.

Jimmy is a flag person and earned $321.10 last week for 32.5 hours work. What is his hourly wage?

13.

Pavneet’s annual gross pay is $48 000. If she is paid biweekly, what is her gross pay on each paycheque?

14.

Ingrid works as a medical receptionist at a rate of $11.82/h for 35 hours per week. She is paid overtime at time and a half for extra hours she works each week. Last week, she worked 42 hours. What will her weekly pay be for last week?

15.

Jack cleans windows for extra income. He charges $3.00 for a main floor window and $5.00 for a second-story window. How much will he earn if he cleans a house with 7 main floor windows and 6 second-story windows?

16.

Sara works in a sports store and earns 12% commission on her sales. How much does she make on a bicycle that sold for $785.95?

17.

What is the rate of commission if you make $592 on sales of $12 589?

18.

Rosita had a meal at a restaurant but only left a $3.00 tip for a bill that was $24.75 due to poor service. What percentage tip did she leave?

19.

Marc has a gross income of $500 per week. He pays $1.38 in union dues and contributes $43.00 towards his company pension plan each week. What is his weekly taxable income?

20.

Hans paid $37.51 Employment Insurance (EI) on his monthly income of $2168.21. What was the EI rate?