____ is computed in 365 days in a year ____ is a set rate on the principle originally lent to the borrower that the borrower has to pay for the ability to use the money. ____ is a fee that a business pays to a salesperson (agent) in exchange for his services in either facilitating, supervising, or completing a sale. ____, also called “Revenue Commission" ____ is a commission, which varies according to how much sales, is made. ____ is a commission in which a salesperson gets his basic salary and a percentage of whatever sales he makes. ____, on the other hand, is compensation quoted in an hourly or daily rate for an employee. ____ is a fixed amount usually associated with employee compensation usually received on a monthly or semi-monthly basis, but it may be quoted in an annual sum. ____ is money that an individual receives in exchange for providing a good/service or through investing capital. ____ is when you do the work and are paid for that work. If you do nothing, you will no longer be paid. ____ , It is usually front-loaded with active work and gets paid with small amount, while the bulk of income comes later. ____ is employee compensation given by an employer on top of the basic salary/wage. Note that benefits may come in the form of cash or in kind. ____ of an individual refers to the total amount he/she earned before deductions are made. Other adjustments may be payment for loans, etc. ____ of an individual is the difference between his/her gross income and deductions. ____ is a payment for a work done beyond working hours. The normal hours of work of any employee shall not exceed eight (8) hours a day. Night Shift Differential Wage + 10% is ____ Overtime Pay (Wage+25%) and Holiday/Rest Day (Wage+30%) is ____ Scheduled Rest Day (Wage+30%), Special Holiday (Wage+30%) and Holiday+Restday (Wage+50%) ____ Regular Holiday (200% Wage), Special day + Rest Day (Wage+50%) and Regular Holiday + Rest Day (260% Wage) is ____

Business Math

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