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Salary and Pay Rates

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Reynold Berge

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2y ago
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Cards in this guide (23)
Managers for which type of job use a percentage to figure the wages of an employee

commission employees

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

decreasing term insurance...

Which of these is the best description of a total compensation plan

the wages and benefits an employee receives at a job...

Which term is defined as the payment an insured makes to the insurance company on a regular schedule

premium

Which of these is an element of limited payment life insurance

this life insurance policy has premium payment for a set number or years....

Which of these is an element of term life insurance

This life insurance policy is worth only the face value.

What best describes net pay

the amount of money a worker actually takes home after deductions

How do you calculate the gross pay per paycheck for an employee who makes an annual salary of 30 000 and is paid biweekly

1,153.85
$30,000 / 26 weeks is $1,153.85

For a total of 770.00 Tom works 14 hours a week for 10 weeks how much money does he make per hour

$5.50 per hour

14*10=140
770/140=5.5

Which term is defined as the dollar amount earned in a worker's paycheck

nominal wages

What is the best description of a defined benefits plan

a set amount an employee will receive at retirement

Which is the best description of gross pay

the amount of money a worker receives before any deductions

Is salary an example of earned income

Yes.

Which of these employees are eligible for overtime and holiday pay

hourly employees

What represents an employee's total compensation plan

salary and benefits combined

Which of these employees earn a specified amount of money based on the total amount of sales completed

Commissioned employees

Which term refers to the total amount of money earned during a year

annual salary

Which type of tax is collected by a mediating agent and then forwarded to the government

indirect tax

What employees are paid for the number of hours worked during a specified period

hourly

What is the salary of a Catholic priest in California

The salary of a Catholic Priest in California would depend upon whether he is a religious or a diocisenc priest....each has a different salary. A religious receives a salary of $50 per month and a diocesan recieves a salary of about $2000 per month.

What is same as a straight time pay

hourly pay is the same as straight time pay.

Money gained from stocks and bonds is an example of which of these

Unearned Income

Which one of these is not an example of an employees withholdings

Investment Earnings

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Managers for which type of employees use the amount of work completed to calculate the wages of an employee

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