Shared Flashcard Set

Details

Income Taxes
Personal Finance
8
Finance
12th Grade
03/21/2013

Additional Finance Flashcards

 


 

Cards

Term
Salary
Definition
A set amount of money earned by an employee per year or other fixedlength of time.
Term
Wages
Definition
Employee earnings that are paid by the hour, day, or item.
Term
Piecework
Definition
Work for which wages are based on the number of items or pieces produced.
Term
Commission
Definition
A fixed percentage or amount of profit given to an employee in exchange for making a sale.
Term
Tips
Definition
Money given to an employee by customers in exchange for a service.
Term
Minimum Wage
Definition
The lowest hourly rate an employer may legally pay most workers.
Term
Overtime
Definition
Work in excess of 40 hours per week.
Term
Vested
Definition
Entitled to some or all of his or her money in the retirement plan when leaving the company.
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