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20 questions
What is gross pay?
When your paycheck is covered in slime.
An employee's pay before deductions are taken.
An employee's pay after deductions are taken.
An employee's deductions.
I don't know.
What is a gratuity?
Advice.
A tip.
A payment.
I don't know.
What is the term of sale?
The amount of time an object is sold for
An agreement made between a buyer and a seller of goods or services
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What is a purchase order?
The order that the things are purchased in
A document between a buyer and seller outlining the types, quantities, and agreed prices for products.
When someone demands you purchase something of theirs.
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What is an invoice?
A group of emails for an employee to sort through.
A document that a seller gives to a buyer for the buyer to use to say what he/she did for the buyer and the agreed payment.
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What is maintained markup?
An increase in prices that does not change.
When businesses make corrections to their texts and don't change them.
The difference between the cost of the goods and the price at which they are sold.
I don't know.
Fringe benefits
A benefit to an employee's salary, like health insurance.
A small amount of extra money added to an employee's salary.
When you pay someone using something unusual, like gold.
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What is the maturity value?
How much an amount of money will mature in a year.
When an object will mature.
The amount due on a bill's due date.
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What is an insurance premium?
The maximum level of insurance.
The amount a company or person must pay for an insurance policy.
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What is an insurance deductible?
The amount of money the insured has to pay before the insurance company has to pay anything
The amount of money that the insurance company pays you if you file a claim.
When an insurance company decides to reduce the amount of money you have to pay them.
I don't know.
What is piece-rate pay?
When a company pays an employee their paycheck a little at a time
Employees are payed for each item they make that meets the quality standard
When an employer increases the rate of pay to their employeers piece by piece.
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What is a flat tax rate?
When someone's tax rate doesn't change with respect to income level.
When someone's tax rate does increase with respect to income level.
When the tax rate is the same for everybody.
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What is a graduated tax system?
Another name for a flat tax rate.
When the tax rate doesn't increase with income rate.
When the tax rate gets higher when the income gets larger.
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What does per cwt mean?
Per hundreth.
Per tenth.
Per ten.
Per hundred.
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What is accounts receivable for a business?
The amount of money a business has.
The amount of money a business doesn't have.
The amount of money owed to a business.
The amount of money a business owes.
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What is a balance of trade?
When a country's imports are higher in value than their exports.
The difference in value between a country's imports and exports.
When a country's exports are higher in value than their imports.
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How much money is a mil worth?
1/10000 of a dollar.
1/1000 of a dollar.
1000 dollars.
10000 dollars.
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What is a commission?
A payment to an employee for making something.
A payment to an employee for selling something.
A payment to a company from an employee.
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What is interest?
The amount of money payed for use of a lender's money.
The amount of money made in a year.
When a bank gets your attention.
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Now let's see how much you were paying attention. What is gross pay?
Deductions to your paycheck.
Your paycheck before deductions.
When your paycheck is covered in slime.
Your paycheck after deductions.
I still don't know.
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