Term
|
Definition
|
|
Term
|
Definition
| Payment in exchange for an employees labor or services. |
|
|
Term
|
Definition
| Lowest hourly wage employeres can pay most workers by law. |
|
|
Term
|
Definition
| A wage that is based on a rate per unit or item completed |
|
|
Term
|
Definition
| Payment for work that is expressed as an annual figure |
|
|
Term
|
Definition
| Income paid an as pecentage of sales made by a sales person |
|
|
Term
|
Definition
| Money paid for service beyond what is required |
|
|
Term
|
Definition
| Money added to an employees base pay |
|
|
Term
|
Definition
| Payment and benefits recieved for work |
|
|
Term
|
Definition
| A form of nonmonetary compaensation recievced in addition to a wage or salary |
|
|
Term
|
Definition
| A worker's earnings before deductions |
|
|
Term
|
Definition
| An amount subtracted from gross income |
|
|
Term
|
Definition
| Law that requires the collection of social security payroll taxes |
|
|
Term
|
Definition
| Gross incomeminus payroll deductions |
|
|
Term
|
Definition
| Earnings from sources other than work |
|
|
Term
|
Definition
| Payments from financial institutions, buisnesses, and government to use customer's money |
|
|
Term
|
Definition
| A government payment or benefit promised by law to eligible citizens, such as Social Security and Medicare benefits, unemplyment benefits, vetern's services, food stamps, and housing assistance |
|
|
Term
|
Definition
| Federal governments program for providing income when earnings are reduced or stopped because of retirement, disability, or death |
|
|
Term
|
Definition
| Federal government program administered by the staes that help pay the medical expenses od people 65 and older and others with certain abilities |
|
|
Term
|
Definition
| A limitation that affects a person's ability to function in major life activities |
|
|
Term
|
Definition
| Governemtn program administered by the states that pays certain health care costs for eligible low-income individuals and families |
|
|
Term
|
Definition
| Wage and tax statement that states the amount an employee was paid in the previous year |
|
|
Term
|
Definition
| Employee's wothholding allowance cerrtificate that tells the employer how much tax to withhold from an employee's paycheck |
|
|
Term
|
Definition
| An expense that can be subtracted from a worker's taxable income |
|
|
Term
|
Definition
| Tax benefit that reduces the amount of income a person is taxed on |
|
|
Term
|
Definition
| An amount that can be subtracted from the taxes a worker owes, if eligible |
|
|
