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Salary and Pay Rates

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Beulah Wilkinson

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Cards in this guide (19)
Which term represents budget items that change in value from month to month

variable expenses

Types of questionnaire

Types of Questionnaire:

  • Recall type Recognition type
  • Multiple Choice type
  • Dichotomous type
  • Likert Scale type
  • Multiple Response type
  • Free-Response type
  • Guided Response type
What is a deduction on an income tax form

a dollar amount that reduces the amount of taxable income...

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

premium

What is the best definition of unearned income

Unearned income is any income that was not paid as part of the compensation for services provided by the taxpayer.

An example is income that is generated as a result of investments, properties, stocks and bonds, etc.

Which of these is the best description of fixed expenses

the budget items that do not vary from month to month.

The 401K and 403B plans are part of which type of benefit

retirement

Which of these statements describes the elements of long term care insurance

They cover the cost of services for a person living in a nursing home or in an assisted living facility.

Working for OK Titansports Donna makes an annual salary of 29400 What would her gross pay be if she were paid weekly

There are 52 weeks in a year, so her weekly pay would be:

$29400 ÷ 52 ≈ $565.38

Can you save money using an auto loan calculator before buying a car

Auto loan calculators are used for determining how much you need to pay for your loans on any automobile that you own. Yes this will help you save money and know how much you will need to save/pay.

Which of these can occur when a person owes more money than he or she can earn or pay to creditors

Bankruptcy.

What type of account contains contributions made with after-tax dollars

roth 40

Which type of annuity typically utilizes mutual funds

vairable Variable

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

indirect tax

What is a number issued by the government through the Social Security department

Social security number

If an employee works on a holiday how much is he typically get paid

two times the employee's hourly rate

What following accounts are only offered by employers to their employees

401(k) A+

If you have a total consumption budget what should you do to ensure you have enough money saved for emergencies and meeting long-term goals

Review your budget and make adjustments so that you can add savings and miscellaneous categories to the budget.

Veronica earns an annual poay of 30572 plus commission. she receives a 5 commission on sales of 3675. what is her gross annual pay

$30,572 + (0.05 x $3675) = $30,572 + $183.75 = $20,755.75

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