Business Math Review Chapters 1-5 Questions & Answers.

Business Math Review Chapters 1-5 Questions &
Answers.
1. hourly rate the amount of money you earn per hour.

2. straight time pay the total amount of money you earn for a pay period at the hourly
rate.

3. over time pay when you work more than your regular hours.

4. time and a half 1 1/2 times your regular hourly rate.

5. double time 2 times your regular hourly rate.

6. weekly time card shows the time you reported for work and the time you departed each
day of the week.

7. piece work receive a specific amount of money that you earn on a regular basis.

8. weekly 52 pay periods.

9. biweekly 26 pay periods.

10. monthly 12 pay periods.

11. semimonthly 6 pay periods.

12. commission an amount of money that you are paid for selling a product or service.

13. commission rate may be a specified amount of money for each sale or it may be a
percent of the
total value of your sales.

14. straight if the commission is the only pay you receive.
commis- sion

15. graduated otters a ditterent rate of commission for each of several levels of
com- mission sales.

16. employers are required by law to withhold a certain amount of your
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, Business Math Review Chapters 1-5 Questions &
Answers.
pay.




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