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OGT Math - Week 2 vocabulary

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Vocab Word
Definition
Annual   Once a year  
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Biannual   Twice a year  
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Quarterly   Four times a year  
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Semiannual   More than one time a year  
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Down payment   The first cash installment made on a purchase.  
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Finance Charge   A charge connected to buying on credit  
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Gross Pay   The amount of pay earned before deductions  
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Interest   A charge for borrowing money on time based on a percent  
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List price   The original price of an item.  
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Loan principal   The amount owed on a loan.  
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Net pay   The amount of pay earned after deductions  
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Overtime hours   Hours worked over 40 in a week  
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Overtime rate   The rate of pay for overtime hours, usually time and a half.  
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Payroll deductions   Taxes, FICA, Social security, etc.  
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Profit   The amount of money earned on the sale of a product after deducting expenses  
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Reciprocal   Two numbers with a product of one  
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Sale price   The cost of an item after a discount is taken.  
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Service charge   Uh, let me look this one up.  
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Created by: lmccherv
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