
Quiz 13, Fundamentals of Business, Marketing, and Finance
QuizĀ by Billie Holmes Pettit
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Omar is offered a job with Company A for a salary of $42,000.Ā He gets medical benefits, and contributions to his retirement worth $12,000 a year.Ā At the same time, Company B offers him a job with a salary of $47,000.Ā This job comes with medical benefits and contributions to his retirement worth $5,000.Ā Both provide two-wees paid vacation.Ā Which is the better offer in terms of total compensation?
Gretchen is hired as a sales person, and her base salary will be minimum wage.Ā However, she will earn a $200 commission for every sale she makes.Ā Her new boss let her know that most salespeople at this firm average 8-10 sales a week except for the month of January when sales drop dramatically and do not pick up until mid-February or early March.Ā How will this impact Gretchen's personal budget?
Based on the pay stub provided, what amount will be on the paycheck?

Akari works at a local coffee shop and makes $12.00 an hour.Ā Last week, she worked 38 hours; this week she worked 46 hours.Ā What is her gross pay for this two-week period?
Omar is offered a job with Company A for a salary of $42,000.Ā He gets medical benefits, and contributions to his retirement worth $12,000 a year.Ā Ā How much is his annual gross pay?
If an employer offers to hire you but explains that you will have to start out at a lesser training wage for the first two months before you move to minimum wage, is this legal?
Marcos has a full-time job.Ā He also delivers food for restaurants on the weekends as a side gig where he is considered self-employed.Ā Does he have to pay taxes on the money he received from his side gig?
Under which circumstances do tipped employees have to pay taxes on their tips?
Based on the pay stub provided, which deduction is a payment that does not go to a government agency?

Gretchen is hired as a sales person, and her base salary will be minimum wage.Ā However, she will earn a $200 commission for every sale she makes.Ā Her new boss let her know that most salespeople at this firm average 8-10 sales a week except for the month of January when sales drop dramatically and do not pick up until mid-February or early March.Ā Is this legal?
Tyrone has been offered a job at an account firm, but he has heard from others who work there that hours are long, particularly during tax preparation season.Ā Knowing this, Tyrone required an equivalent hourly rate.Ā Was this a good decision?
An employee is offered a salary of $60,000 a year.Ā The company issues paychecks twice a month.Ā What will the gross pay be for these paychecks?
Kristen worked 44 hours this week, but her employer told her that she is not entitled to overtime because the previous week she was out sick one day, so she only worked 32 hours.Ā Since she had to stay late to catch up, the employer is not responsible for the overtime.Ā Is this correct?
Kristen worked 44 hours this week, but her employer told her that she is not entitled to overtime because the previous week she was out sick one day, so she only worked 32 hours.Ā Since she had to stay late to catch up, the employer is not responsible for the overtime.Ā Which of these determines whether Kristen's employer is correct or not?
Osi was hired by a large corporation and given a salary of $100,000.Ā SHe was told that last year employees made an average of $25,000 in bonuses since all departments met or exceeded their earnings.Ā After her first quarter, she found out there was no bonus for her department because sales were down in her division by 2 percent even though her sales met the quota.Ā Is this legal?