Forms of Compensation

Forms of Compensation

Assessment

Flashcard

Business

11th Grade

Hard

Created by

Nicole Gentry

FREE Resource

Student preview

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30 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Forms of compensation in addition to salary and wages

Back

Benefits

2.

FLASHCARD QUESTION

Front

Paid time away from work for personal reasons

Back

Personal Leave

3.

FLASHCARD QUESTION

Front

Money available to spend or save after taxes have been paid.

Back

Disposable Income

4.

FLASHCARD QUESTION

Front

The lowest pay rate allowed by law for each regular hour of work.

Back

Minimum Wage

5.

FLASHCARD QUESTION

Front

Employees who work for hourly wages and not salary are paid a fixed amount per week.

Back

False

6.

FLASHCARD QUESTION

Front

Tips received by a person for performing a service are not subject to federal income tax.

Back

False

7.

FLASHCARD QUESTION

Front

Sales taxes are a form of indirect tax.

Back

True

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