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Ch 12 Sec 1 Review

Authored by Tyson Ellenberger

Business

9th Grade

Used 1+ times

Ch 12 Sec 1 Review
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a wage?

A fixed annual sum of money divided among equal pay periods

Amount paid to an employee for every hour worked

Method of paying employee based on amount of sales the employee generates

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a salary?

A fixed annual sum of money divided among equal pay periods

Amount paid to an employee for every hour worked

Method of paying employee based on amount of sales the employee generates

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a commission?

A fixed annual sum of money divided among equal pay periods

Amount paid to an employee for every hour worked

Method of paying employee based on amount of sales the employee generates

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total amount paid by a business for an employee's work known as?

Net pay

Gross pay

Overtime pay

Bonus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The number of days or weeks work covered by an employee’s paycheck is known as the ________.

pay period

salary

overtime

deduction

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of a payroll clerk?

To manage employee schedules

To compile and compute payroll data and then prepare, journalize, and post payroll transactions

To oversee company finances

To conduct employee training

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many hours a week must an employee work to earn overtime pay?

More than 40 hours a week.

Less than 30 hours a week.

Exactly 40 hours a week.

Between 30 and 40 hours a week.

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