
Ch 12 Sec 1 Review
Quiz
•
Business
•
9th Grade
•
Medium
Tyson Ellenberger
Used 1+ times
FREE Resource
10 questions
Show all answers
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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