Financial Literacy
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Hourly Rate | The amount of money that is charged, paid, or earned for every hour worked.
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| Straight-time pay | The usual number of hours and the usual amount of pay for a period of work.
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| Gross Income | An individual's total personal income, before accounting for taxes or deductions.
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| Overtime Pay | Nonexempt employees may be paid by means of a salary.
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| Time and a Half | A rate of pay for overtime work equal to one and one half times the regular hourly wage.
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| Double time | A rate of pay equal to double the standard rate, sometimes paid for working on holidays or outside normal working hours.
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| Weekly Time Card | A card used with a time clock to record an employee's starting and quitting times each day or on each job.
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| Piecework | Work paid for according to the amount produced.
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| Salary | A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
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| Commission | An instruction, command, or duty given to a person or group of people.
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| Commission Rate | A fee paid for services, usually a percentage of the total cost.
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| Straight Commission | Salesperson compensation method in which only a percentage of the sales volume, but no fixed salary, is paid.
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| Graduated Commission | A method of compensation for the sales people where the commission earned as a percentage of sales increases incrementally with the increase in the sales volume.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
quinnballou
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