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