Question

A)
An employee is offered a salary of $60,000 a year. This company issues paychecks twice a month.What will the gross pay be for these paychecks?
(1 point)
$6000
$5000
$2500
$1250
A)
Omar is offered a job with a salary of $42,000. He will get medical benefits, dental benefits, andcontributions to his retirement worth $12,000 a year. How much is his annual gross pay?
(1 point)
$30,000
$42,000
$50,000
$64,000

A)
Omar is offered a job with Company A for a salary of $42,000. He gets medical benefits, dental benefits,and contributions to his retirement worth $12,000 a year. At the same time, Company B offers him a jobwith a salary of $47,000. This job comes with medical benefits and contributions to his retirement worth$5,000. Both provide two-weeks paid vacation. Which is the better offer in terms of total compensation?
(1 point)
Company B because the salary is higher.
Company A because the total compensation is higher.
Company A because the salary is likely to increase later.
Company B because most people do not need dental benefits.
A)
Akari works at a local coffee shop and makes $12.00 an hour. Last week, she worked 38 hours; thisweek she worked 46 hours. What is her gross pay for this two-week period?
(1 point)
$840
$936
$1008
$1044

A)
Gretchen is hired as a sales person, and her base salary will be minimum wage. However, she will earna $200 commission for every sale she makes. Her new boss let her know that most salespeople at thisfirm average 8-10 sales a week except for the month of January when sales drop dramatically and donot pick up until mid-February or early March. How will this impact Gretchen’s personal budget?
(1 point)
She cannot create a budget since her earning will vary a lot.
She should create a budget when she can live on minimum wage.
She needs to save money for the weeks when commissions are low.
She should assume that she will earn eight commissions a week all year.
A)
Gretchen is hired as a sales person, and her base salary will be minimum wage. However, she will earna $200 commission for every sale she makes. Her new boss let her know that most salespeople at thisfirm average 8-10 sales a week except for the month of January when sales drop dramatically and donot pick up until mid-February or early March. Is this legal?
(1 point)
No, working on commission is illegal in many states.
Yes, it pays minimum wage and commission income often varies.
No, employers need to make sure that employees have a steady income.
Yes, but this is a very usual arrangement for those who work on commission.

Answer 1

1) $2,500

2) $42,000

3) Company A because the total compensation is higher.

4) $1,044

5) She needs to save money for the weeks when commissions are low.

6) Yes — it pays minimum wage and commission income often varies.