Life Skills, Business

10th

grade

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Budget and Finance Terms

3
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15 questions

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  • 1. Multiple Choice
    1 minute
    1 pt

    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.

  • 2. Multiple Choice
    30 seconds
    1 pt

    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

  • 3. Multiple Choice
    30 seconds
    1 pt

    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

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