Term
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Definition
| the income you receive from employment. |
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| payment for work and is usually computed on an hourly, daily, or piecework basis. |
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| the lowest hourly wage employers can pay most workers by law. |
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| payment for work that is expressed as an annual figure. |
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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
| or gratuity, is money paid for service beyond what is required. |
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Definition
| money added to an employee's base pay. |
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Definition
| the payment and benefits received for work performed. |
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Term
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Definition
| or fringe benefit, is a form of nonmonetary. |
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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
| 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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Definition
| or take home pay, gross income minus payroll deductions. |
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Term
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Definition
| paid by financial institutions, businesses, and government in exchange for the use of customers' money. |
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Definition
| a government payment or benefit promised by law to eligible citizens. |
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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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Definition
| a federal program that pays 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 the employer how much to withold from your paychecks as payroll deductions. |
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Term
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Definition
| states the amountpaid during the previous year |
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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
| 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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