Term
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Definition
| income recieved from employment. |
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Term
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Definition
| payment for work which is calculated on a hourly, weekly, or piecework basis. |
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Definition
| is the lowest hourly wage employers can pay most workers by law. |
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Definition
| is wage based on a rate per unit of work completed |
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Definition
| is payment for work based off an annual figure |
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Definition
| is income paid as a percent of sales made by a sales person. |
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Term
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Definition
| is money paid for service outside of what is necessary. |
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Term
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Definition
| money added to an employees base pay |
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Term
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Definition
| the payment and benefits recieved for work performed |
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Term
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Definition
| or fringe benefits a form of non monetary compensation |
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Term
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Definition
| wages or salary before payroll deduction |
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Term
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Definition
| subtraction from your gross income |
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Term
| FICA(Federal Insurance Contributions Act) |
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Definition
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Term
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Definition
| take home pay this is your gross income plus bonuses minus payroll deductions |
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Term
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Definition
| earnings from sources other than work |
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Term
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Definition
| paid by financial institutions |
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Term
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Definition
| government payment or benefit promised to eligable citizens |
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Term
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Definition
| federal program which provides income when earnings are reduced or ceased |
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Term
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Definition
| federal program which pays for people in need of medical care |
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Term
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Definition
| a limitation that prevents someone from performing efficiently |
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Term
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Definition
| a federal program which helps people in need of medical care |
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Term
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Definition
| tells employers how much to withold from your paycheck |
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Term
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Definition
| it states how much you were paid during the previous year |
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Term
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Definition
| is an expense that is subtracted from federal income |
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Term
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Definition
| a tax benefit that reduces the amount of tax that is income taxed |
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Term
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Definition
| the amount you subtract from taxes owed |
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