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Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Financial Alg Exam
- 1. annual wage
- 2. minimum wage
- 3. daily wage
- 4. hourly wage
- 5. salary
- 6. gross pay
- 7. net pay
- a. the hourly rate below which employers may not pay an employee
- b. the total wages for a pay period before deductions
- c. a fixed compensation that is paid for services on a regular basis
- d. the amount of money an employee is paid for each hour of work
- e. the amount of money an employee is paid for an entire year
- f. the amount of money an employee is paid for a day's work
- g. the take home pay after any amounts have been withheld
Name: ___________________________________
Date: ___________________________________
Date: ___________________________________
Financial Alg Exam (Answer Key)
- e 1. annual wage
- a 2. minimum wage
- f 3. daily wage
- d 4. hourly wage
- c 5. salary
- b 6. gross pay
- g 7. net pay
- a. the hourly rate below which employers may not pay an employee
- b. the total wages for a pay period before deductions
- c. a fixed compensation that is paid for services on a regular basis
- d. the amount of money an employee is paid for each hour of work
- e. the amount of money an employee is paid for an entire year
- f. the amount of money an employee is paid for a day's work
- g. the take home pay after any amounts have been withheld
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