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- Multiple ChoicePlease save your changes before editing any questions.
What is Employment Insurance (EI)?
A fee paid to an employee for transacting a piece of business or performing a service.
A monthly, taxable benefit that replaces part of your income when you retire
Temporary income support to unemployed workers while they look for employment or to upgrade their skills
After salary, this is of the utmost importance to many job candidates and typically includes medical, dental, vision and/or life insurance coverage for employees and their families.
- Multiple ChoicePlease save your changes before editing any questions.
Alfred works at Acme Appliances as a sales representative. He earns minimum wage but also receives 6% _____________ on each sale.
Piece Work
Commission
Salary
Wages
- Multiple ChoicePlease save your changes before editing any questions.
When you get paid for a job, be sure to read your ___________, which has the information on how your pay was calculated.
pay stub
direct deposit
pension plan
minimum wage
- Multiple ChoicePlease save your changes before editing any questions.
What are benefits?
A fee paid to an employee for transacting a piece of business or performing a service.
A monthly, taxable benefit that replaces part of your income when you retire
Temporary income support to unemployed workers while they look for employment or to upgrade their skills
After salary, this is of the utmost importance to many job candidates and typically includes medical, dental, vision and/or life insurance coverage for employees and their families.
- Multiple ChoicePlease save your changes before editing any questions.
What does piece work mean?
Getting paid for each unit produced or action performed.
The amount paid for each hour that an employee works.
Doing a job in times of "piece".
Getting paid a fixed amount for work done each month.
- Multiple ChoicePlease save your changes before editing any questions.
Lenny works full-time loading transport trucks at the warehouse. He earns $24.95 per hour. Last week he worked 53 hours in total. He has earned ______ of time and a half for the nine hours above 44 hours per week.
a.overtime
commission
overtime
pay cheque
wage
- Multiple ChoicePlease save your changes before editing any questions.
What is a pension?
A fee paid to an employee for transacting a piece of business or performing a service.
A monthly, taxable benefit that replaces part of your income when you retire
Temporary income support to unemployed workers while they look for employment or to upgrade their skills
After salary, this is of the utmost importance to many job candidates and typically includes medical, dental, vision and/or life insurance coverage for employees and their families.
- Multiple ChoicePlease save your changes before editing any questions.
Wesley was just hired by King Software as a game programmer. He is not paid by the hour but is paid a __________ of $65,000 per year.
commission
holiday pay
salary
wage
- Multiple ChoicePlease save your changes before editing any questions.
Select the 3 terms that are common forms of payment to an employee:
pay stub
cash
salary
pay cheque
direct deposit
- Multiple ChoicePlease save your changes before editing any questions.
True of False: On your pay cheque the term payee refers to the name of the person receiving money.
True
False
- Multiple ChoicePlease save your changes before editing any questions.
The following is an example of a:
Budget
Pay stub
Pension statement
Shipping label
- Multiple ChoicePlease save your changes before editing any questions.
True or False: To figure out how much money you will get on your pay cheque, subtract your deductions from your Net pay. This is how Gross Pay is calculated.
True
False
- Fill in the BlankPlease save your changes before editing any questions.
Franklyn works for Roosevelt Industries and gets paid twice a month. He he is paid by ___________ , meaning the money goes straight into his bank account.
- Fill in the BlankPlease save your changes before editing any questions.
Franklyn’s ___________ (3) is two weeks long and his pay date is the following Friday after the two weeks of work.
- Multiple ChoicePlease save your changes before editing any questions.
Select the 3 terms that are common deductions from an employee’s pay:
EI
CRA
HST
CPP
TAX