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- 1. Multiple ChoiceA word to describe yearly.annualmonthlyhalf-yearlyfornightly
- 2. Multiple Choice
Net income =
gross income + deductions
gross income - deductions
taxable income + deductions
- 3. Multiple Choice
Who earnt the most?
5 hrs at $20/hr
4 hrs at $30/hr
2 hrs at $50/hr
- 4. Multiple ChoiceHow many fortnights in a year?365522612
- 5. Multiple Choice
a fixed rate of pay for a week, month, or year is
a tip
a commission
a salary
a bonus
- 6. Multiple Choice
To convert a percentage to a decimal:
Divide by 100
Subtract 100
Multiply by 100
- 7. Multiple Choice
To convert a decimal to a percentage:
Divide by 100
Add 100
Multiply by 100
- 8. Multiple Choice
Profit =
selling prince + cost price
selling price + mark-up
selling price − cost price
- 9. Multiple Choice
Who earnt the most?
12 hrs at $10/hr
5 hrs at $30/hr
2 hrs at $50/hr
- 10. Multiple Choice
Danielle earns 3% of all the sales she makes, this is an example of:
an hourly rate
an annual salary
a commission
- 11. Multiple ChoiceTime and a half pay is ...1.0 x normal rate1.5 x normal rate2.0 x normal rate
- 12. Multiple Choice
Net income is:
the total amount of money you earn
the amount of money you receive after deductions are subtracted from your gross income
the amount of money that is taken away in the form of taxes
the hourly rate of pay
- 13. Multiple Choice
Refer to the tax table. Which statement is false?
Someone earning $18,500 pays 19c for each $1 over $18,200.
Someone earning $18,200 does not need to pay tax.
Someone earning $18,500 does not need to pay tax.
- 14. Multiple Choice
Refer to the tax table. Which statement is true?
Someone earning $50,000 pays 19c for each $1 over $37,000.
Someone earning $100,000 pays 37c for every $1 over $80,000
Someone earning $150,000 pays 45c for each $1 over $100,000.
- 15. Multiple Choice
The total amount of personal income prior to taxes and deductions is called
Gross income
Net income
- 16. Multiple Choice
Round to the nearest cent: $2.683
$2.68
$2.69
$2.70
- Answer choicesTagsAnswer choicesTags