Foundations ch 9 Flashcards
1
Q
Tips are income and must be tracked and reported on your _________.
A
income tax return*
2
Q
A salary-plus-commission arrangement is sometimes called a(n) _________.
A
guarantee*
3
Q
The best way to record your tips and additional income is to _________.
A
keep a daily log*
4
Q
In a(n) _________ compensation structure, the employer pays you a percentage of the gross service sales you generate.
A
commision*
5
Q
You should be true to your word by choosing your words carefully and ________.
A
honestly*
6
Q
Not paying back your loans is called _________.
A
defaulting*
