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Income and taxes vocab
n/a
8
Economics
10th Grade
03/21/2013

Additional Economics Flashcards

 


 

Cards

Term
Salary
Definition
A set amount of money earned by a employee per year or other fixed lenth of time.
Term
wages
Definition
Employee earnings that are paid by the hour, day, or item.
Term
piecework
Definition
Work for which wages are based on the number of items pr pieces produced.
Term
commission
Definition
A fixed percentage or amount of profit given to an employee in exchange for making a sale.
Term
tips
Definition
Money given to an employee by customers in exchange for a service.
Term
minimum wage
Definition
The lowest hourly wage an employer may legally pay most workers.
Term
ovetime
Definition
Work in excess of 40 hours per week.
Term
vested
Definition
Matchign a portion of the employees contribution.
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