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Income

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Mathematics

12th Grade

Used 21+ times

Income
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15 questions

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1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is net income?

The total revenue generated by a business before any deductions.

The amount of money left after all deductions, taxes, and expenses are subtracted from gross income.

The total expenses incurred by a business during a specific period.

The amount of money earned from investments before taxes.

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

If you earn a 15.8% commission on $1,600.00, what is your commission?

$200.00

$252.80

$300.00

$180.00

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Why are salespeople often paid on commission?

They are incentivized to increase sales and revenue.

They prefer to work independently without supervision.

They receive a fixed salary regardless of performance.

They are required to meet a minimum sales quota.

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

If Sam started at 6:00am and left at 3:00pm, how many hours did he work?

8 hours

9 hours

10 hours

7 hours

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

What is income?

Income is the money received for work or through investments.

Income is the total amount of money spent on living expenses.

Income is the money earned from selling goods only.

Income is the money received from family and friends.

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

If Jilli worked from 9am to 3pm at $9.23 per hour, how much did she earn?

$45.00

$50.25

$55.38

$60.00

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

How do you determine the number of hours worked?

Add the start time to the end time to find the total hours worked.

Subtract the start time from the end time to find the total hours worked.

Multiply the start time by the end time to find the total hours worked.

Divide the end time by the start time to find the total hours worked.

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