BM2324-Q4-Quiz#2
11th Grade
•16 Qs
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BM2324-Q4-Quiz#2
Quiz
•
Business
•
11th Grade
•
Practice Problem
•
Medium
Daryll John Villaflor
Used 3+ times
FREE Resource
Enhance your content in a minute
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The amount of an employee's gross earnings is the total amount that he or she earns in a specified period.
True
False
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The net earnings of an employee is the sum of his or her gross earnings and the total deductions.
False
True
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The basic salary of an employee is equal to his or her gross earnings in a month if there is he/she doesn't have any extra income/earnings.
False
True
4.
FILL IN THE BLANK QUESTION
2 mins • 2 pts
It refers to the earnings before contributions, taxes, or loans are deducted.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A person's gross earnings may come from any source like salary, wage, rent, or shares from investments.
True
False
6.
MULTIPLE CHOICE QUESTION
5 mins • 3 pts
Crispin receives a commission of 12% on sales amounting ₱70,000 and 18% on sales more than ₱70,000. Find his gross pay for the month if his total sales were ₱120,000.
₱20,140.00
₱19,400.00
₱14,140.00
₱17,400.00
7.
MULTIPLE CHOICE QUESTION
2 mins • 3 pts
A minimum wage earner in Metro Manila is paid ₱467.95 for an 8-hour workday. What is his hourly wage?
₱66.85
₱58.49375
₱51.99444
₱46.795
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