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Bus. Math 1 Vocab.
Business Math Chapter 1 Vocabulary
Question | Answer |
---|---|
the amount of money for each hour you work. | hourly rate |
the total amount of money you can earn for a pay period at the hourly rate. | straight time pay |
when you work more than your regular hours. | overtime pay |
1 1/2 times regular hourly rate. | time and a half |
2 times regualr hourly rate. | double time |
shows the time you reported for work and the time you departed each day of the week. | weekly time card |
recieve a specified amount of money for each item of work you completed. | piecework |
fixed amount of money that you earn on a regular basis. | salary |
amount of money that you are paid for selling a product or service. | commission |
specified amount of money for each sele or it may be percent of the total value of your sales. | commission rate |
when the commission is the only pay you recieve. | straight commission |
offers a different rate of commission for each several levels of sells. | graduated commission |