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finance

Quiz by Brenda Grimes

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15 questions
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  • Q1
    An employee is paid every other week (26 pay periods per year).
    Weekly
    Bi-Weekly
    Monthly
    Annual
    30s
  • Q2
    A person who works for others for compensation.
    Owner
    Employee
    Boss Man
    Employer
    30s
  • Q3
    The amount of money earned during a pay period before deductions
    Salary
    Take Home Pay
    Net Pay
    Gross Pay
    30s
  • Q4
    The employee receives an hourly wage for hours worked.
    Unemployed
    Annual
    Hourly Salary
    Net
    30s
  • Q5
    When an employee is paid 12 pay periods per year he recieves a _____________ salary
    Monthly
    Yearly
    Annually
    weekly
    30s
  • Q6
    A set amount of money an employee receives each pay period regardless of the hours worked.
    Salary
    Hourly
    Net Pay
    Weekly
    30s
  • Q7
    The amount of money a person receives after deductions.
    Gross Pay
    Income
    Tax
    Net Pay
    30s
  • Q8
    When an employee is paid 52 pay periods per year,this is considered _____________ pay
    hourly
    weekly
    annually
    yearly
    30s
  • Q9
    Insurance Premium is the money
    collected by your doctor's office
    paid to employees to cover medical fees
    added to your check each month
    you pay to have insurance
    30s
  • Q10
    Kayla is paid monthly at her salaried position. If her annual salary is $41,400, what is her gross pay for one paycheck?
    $345
    $3450
    $41, 400
    $862.50
    30s
  • Q11
    Annual income is also referred to as _______________income.
    monthly
    yearly
    net pay
    weekly income
    30s
  • Q12
    When given hourly wages the typical weekly income is determined by
    dividing the hourly wages by 52
    multiplying the hourly wages by 40.
    multiplying the wages by 52
    dividing the hourly wages by 40
    30s
  • Q13
    When given the monthly income, the yearly income is best determined by
    dividing the monthly income by 4
    multiplying the monthly income by 4.
    dividing the monthly income by 12
    multiplying the monthly income by 12.
    30s
  • Q14
    Taxes are ______________________ from the gross pay.
    multiplied
    added
    subtracted
    divided
    30s
  • Q15
    _______________ is based on a percentage of total sales, so the more sales made, the more money the employee takes home.
    Hourly pay
    Taxes
    Weekly Pay
    Commission
    30s

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