Financial Math Pg 32 Chapter ReviewEm

The total amount of an employee's earnings is called?

Gross pay

Time worked beyond the end of a usual working day is called

Overtime

Employees that are paid a fixed amount daily are called?

Perdiam

A wage rate based on the amounts produced by a employee is called?

Piece rate

A fixed amount of pay for a week or a month is called?

Salary

An amount of money, often calculated as a percent, given to someone for service they provide is called a?

Tip

One number that represents a group of numbers is called a?

Average

Sales people who receive a specific percent of the sales they make are paid on a?

Straight commision

Pay that is 1.5 times the regular hourly pay rate of an employee is called?

Time in a half pay