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Gross Income

Quiz by Addie R Otto

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30 questions
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  • Q1
    The total amount you earn before any deductions are subtracted is called __________ pay.
    Gross
    Bonus
    Net
    Taxable
    30s
  • Q2
    A car salesperson receives a commission of 8% on all sales. If he sold $40,000 worth of cars in one week, find his commission.
    $320 000.00
    $40 000.00
    $3200.00
    $5000.00
    30s
  • Q3
    __________ is time worked beyond the regular hours.
    Overtime
    Salary
    Wage
    Commission
    30s
  • Q4
    Rate × Hours Worked =
    Gross Pay
    Overtime Pay
    Net Pay
    Incentive Pay
    30s
  • Q5
    What are your taxable wages?
    the amount of your property value
    the amount you earn annually
    the amount on which you pay tax
    the amount you spend annually
    30s
  • Q6
    You are paid $10 per hour. A regular work week is 40 hours. What is your gross pay for a 49 hour week? Include overtime at a rate of time and a half
    $565.00
    $535.00
    $600.00
    $743.00
    30s
  • Q7
    For which of the following would an employer withhold money from an employee's pay?
    All of the above
    Employment Insurance
    Federal Income Tax
    Provincial Income Tax
    30s
  • Q8
    Tyler noticed that money was withheld from his pay for taxes and some benefits. These withholding are also called ________?
    Expenses
    Deductions
    Withholdings
    Reductions
    30s
  • Q9
    ______ is good to have in case you get sick and need help
    health insurance
    benefit
    wage
    sick leave
    30s
  • Q10
    ________ are the extra things besides what you are paid that make the job worth considering.
    Benefits
    Paid vacations
    Savings
    Discounts
    30s
  • Q11
    Which of the following is not a required deduction from your gross pay?
    Income Tax
    Life Insurance
    Employment Insurance
    Canada Pension Plan
    30s
  • Q12
    Pay that is based on a percentage of the cost of goods sold is called
    Piecework
    Commission
    Net Pay
    Salary
    30s
  • Q13
    Gross pay is the amount you earn _______________ deductions
    after
    including
    without
    before
    30s
  • Q14
    Another name for gross pay is ____________.
    taxable income
    net pay
    gross income
    gross benefits
    30s
  • Q15
    Marcus works as an electrician and earns $24.68/h. If it takes him 15 hours for one job, how much will he earn?
    $370.20
    $24.68
    $3702.00
    $246.80
    30s

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