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vobabulary
vocabulary
8
Computer Networking
12th Grade
03/21/2013

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Term
salary
Definition
it is a set amount of money earned by an employee per year or other fixed length of time
Term
wages
Definition
are 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 or pieces produced
Term
commission
Definition
is afixed percentage or amount of profit given to an emplyee in exchange for making a sale
Term
tips
Definition
are money given to an employee by customers in exchange for a service
Term
minimum wage
Definition
to ensure that workers who earn hourly wages are paid fairly, the fedreal government has established provisions within the fair labor standards act for a national minimun wage
Term
overtime
Definition
most job that pay hourly wages are based on a standard 40 hours per week is classified as overtime
Term
vested
Definition
some employers mathch a portion of the emplyees conribution. after a certain amount of time, the employee becomes vested.
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