Shared Flashcard Set
Additional Business Flashcards
Cards
Term
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Definition
Amount of money paid for a specified quantity of labor; ex: hour
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Set amount of money paid for a set period of time worked
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Income paid as a percentage of sales made by a salesman
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Money paid by customers to those who provide services
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Compensation paid based on number of pieces or items produced
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Money paid in addition to base pay;reward for performance or a share of profit
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A form of payment to an employee
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An employer deposits the employee’s paycheck directly into the authorized employee’s depository institution account
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A prepaid card that is offered to employees as an alternative to paper paychecks or directly depositing wages into an employee’s depostiory institution
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This part lists the paycheck deductions as well as other important information.
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Length of time for which an employee’s wages are calculated
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Definition
| Total amount of money earned during the pay period before deductions |
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Amount of money left after all the deductions have been taken from the gross pay earned in the pay period, aka “take home pay”
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Money subtracted from gross pay for required taxes, employee insurance, and retirement benefits; may be voluntary or mandatory
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Amount required by law for employers to withhold (deduct) from earned wages to pay federal income taxes
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Definition
Amount deducted from an individual’s income to assist in funding government agencies within the state
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