Term
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Definition
| the income you receive from employment |
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Term
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Definition
| payment for work and is usually computed on an hourly, daily, or piecework basis |
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Term
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Definition
| the lowest hourly wage employers can pay most workers by law |
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Term
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Definition
| a wage based on a rate per unit of work completed |
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Term
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Definition
| payment for work that is expressed as an annual figure |
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Term
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Definition
| income paid as a percentage of sales made by a salesperson |
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Term
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Definition
| money paid for service beyond what is required |
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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 received for work performed |
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Term
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Definition
| form of nonmonetary compensayion received in addition to a wage or salary |
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Term
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Definition
| wages or salary before payroll deductions |
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Term
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Definition
| is a 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
| your gross income (plus bonuses, if you get them), minus payroll deduction |
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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 finacial institutions, businesses, and government in exchange for the use of customers' money |
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Term
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Definition
| is a government payment or benefit promised by law to eligible citizens |
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Term
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Definition
| a federal program that provides income when earnings are reduced or stopped because of retirement, serious illness or injury, or death |
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Term
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Definition
| a federal program that pays for certain health care expenses for older citizens and others with disabilities |
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Term
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Definition
| a limitation that affects a person's ability to function in major life activities |
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Term
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Definition
| a government program that pays certain health care costs for eligible low income individuals and families |
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Term
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Definition
| Tells your employer how much to with hold from your pay check |
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Term
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Definition
| states amount you were paid in the previous year |
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Term
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Definition
| an exspense that can be subtracted from taxable income |
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Term
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Definition
| a tax benefit that reduces the amount of income that is taxed |
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Term
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Definition
| an amount you can subtract from the taxes you owe, if you are eligible |
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