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Math chapter 1
Question | Answer |
---|---|
Hourly rate | A fixed amount of money paid for each hour of work. |
straight time pay | the total amount of money earned for a pay period at the regular hourly rate |
gross income | the total amount paid during a pay period. |
overtime pay | extra pay for hours worked beyond the regular number of hours. |
time and a half | an overtime pay rate of 1.5 times the regular hourly rate. |
double time | an overtime pay rate of twice the regular hourly rate. |
weekly time card | a daily record of the time you report to work and the time you depart. |
Piece work | A worker receives a specified amount of money for each item of work completed. |
Salary | A fixed amount of money earned on a regular basis. |
Commission | An amount of money paid for selling a product or service. |
Commission rate | A specified amount of money paid for each sale or a percent of the total value of sales. |
Straight commission | Pay that consists only of money earned from sales. |
Graduate commission | Pay based on a different rate of commission for each of several levels of sales. |