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key terms
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5
Finance
11th Grade
03/22/2013
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Term
salary
 Definition
is a set amount of money earned by an employee per year or other fixed length of time.
Term
wages
 Definition
are employee earnings that are paid by hour, day, item.
Term
piecework
 Definition
work for wages are based on number of items produced.
Term
commission
 Definition
is fixed percentage or amount of profit given to an employee for makking a sale.
Term
tips
 Definition
are money given to an employee by customers in exchange for a service .
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