Unit 7: Income, taxes and benefits
Quiz by Teresa
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30 questions
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- Q1a minimum price that an employer can pay a worker for an hour of laborMINIMUM WAGE30s
- Q2pay received for hours worked in addition to regular hoursOVERTIME PAY30s
- Q3a set fee or percentage of a sale paid to an employee instead of or in addition to salary or wagesCommission30s
- Q4Compensation in forms other than direct paymentBENEFITS30s
- Q5money income left after all taxes on it have been paidDISPOSABLE INCOME30s
- Q6paid time away from work due to illnessSICK LEAVE30s
- Q7Paid time away from work for personal reasonsPERSONAL LEAVE30s
- Q8A budget created to satisfy your financial needs after you no longer work.RETIREMENT PLAN30s
- Q9the distribution of a percentage of a firm's profit among its employeesPROFIT SHARING30s
- Q10Income received from sources other than employmentUNEARNED INCOME30s
- Q11Money paid to you by the bank for being able to use your money.INTEREST30s
- Q12payments by a corporation to shareholders, made in either cash or stockDIVIDENDS30s
- Q13Benefits given by the government directly to individualsTRANSFER PAYMENTS30s
- Q14MONEY IN THE FORM OF A CHECK, A DEBIT CARD, OR OTHER DIRECT PAYMENT GIVEN TO A PERSON NEEDING ASSISTANCEIN-CASH PAYMENTS30s
- Q15PAYMENTS MADE INDIRECTLY ON A PERSON'S BEHALF OR PAID IN A FORM OTHER THAN MONEYIN-KIND PAYMENTS30s