Match the Following Terms with Their Definitions

question 97

Multiple Choice

Match the following terms with their definitions.
-Gross pay

• A)May be used in calculating Social Security and Medicare
• B)Pay rate based on schedule of units completed
• C)Income tax
• D)Minimum wage standard
• E)Alternative method to percentage method
• F)52 times a year
• G)Aids in determining amount of FIT withheld
• H)26 times a year
• I)Method to calculate FIT
• J)24 times a year
• K)Different levels result in different commission scales
• L)Wages subject to tax
• M)Commission to manager
• N)Broken down into Social Security and Medicare
• O)Wages before deductions
• P)Gross pay minus deductions
• Q)Aids unemployment program
• R)Wages based on percent of the value of goods sold
• S)Affected by company's employment record

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Definitions:

Promising Venture

An enterprise or venture that shows a lot of potential for success and growth due to its innovative approach or market position.

Prototype

An early sample, model, or release of a product built to test a concept or process or to act as a thing to be replicated or learned from.

High-Technology Inventor

An individual or group involved in creating innovative products or systems that rely on advanced scientific and engineering knowledge.

Investor

An individual or entity that allocates capital with the expectation of receiving financial returns.