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Review in Business Math

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Review in Business Math

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1st Summative Test

Created by

MADELLE ABLAO
MADELLE ABLAO
Philippines

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Review in Business Math
 

Review in Business MathOnline version

1st Summative Test

by MADELLE ABLAO
1

Type of Compensation which is based on the number of items or products completed.

Written answer

2

An extra pay given for working beyond 8 hours at the rate of an additional 25% of his regular wage.

Written answer

3

Total amount of money a person earns in one year,

Written answer

4

Total earnings before any deductions are made.

Written answer

5

The amount left after deductions are subtracted from gross pay.

Written answer

6

A deduction for the purpose of retirement, disability, maternity, sickness, and death benefits

Written answer

7

A deduction for the purpose of Healthcare benefits and hospitalization coverage

Written answer

8

The general increase in prices of goods and services over time, resulting in decreased purchasing power.

Written answer

9

Price at which the product is sold to customers

Written answer

10

= Original Price x (1 – Discount Rate)

Written answer

11

How many percent of tax added to the price of goods and services in the Philippines?

Written answer
 
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