Term
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Definition
| the income you recieve from employment |
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Term
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Definition
| payment for work and is usually computed in 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
| is 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
| is income paid as a percentafe 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 employee's 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
| is a form of nononetary compensation recieved 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 minus payroll deductions |
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Term
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Definition
| is earnings from sources other then work |
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Term
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Definition
| is paid by financial 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
| is 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
| is 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
| is a limitation that affects a person's ablity 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
| a form that tells your employer how much to withhold from your paychecks as payroll deductions |
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Term
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Definition
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Term
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Definition
| an expense that can be subtracted from taxable income |
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Term
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Definition
| is 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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