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Work Compensation and Forms
Objective 4.01 Key Terms
6
Finance
11th Grade
04/04/2012
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Term
wage
 Definition
amount of money paid for a specified quality of labor,
Term
salary
 Definition
set amount of money paid for a set period of time worked
Term
commission
 Definition
income paid as a percentage of sales made by a salesman
Term
tips
 Definition
money paid by customers to those who provide services
Term
production
 Definition
compensation paid based on number of peices or items produced
Term
bonus
 Definition
money paid
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