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Types of Compensation for WorkWageAmount of money paid for a specified quantity of labor; ex: hour |
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Set amount of money paid for a set period of time worked |
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| Income paid as a percentage of sales made by a salesman |
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Money paid by customers to those who provide services |
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Compensation paid based on number of pieces or items produced
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Money paid in addition to base pay; reward for performance or a share of profit
Forms of Payment |
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A form of payment to an employee |
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refer to certain payment systems used to transfer money where a payment is initiated by the payer not the payee, namely |
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| A prepaid card that is offered to employees as an alternative to paper paychecks or Contents of Paycheck Stub |
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| This part lists the paycheck deductions as well as other important information |
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Length oftime for which an employes wages are calculated |
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Total amount of money earned during the pay period before deductions |
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| Amount of money left after all the deductions have been taken from the gross payearned in the pay period |
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Money subtracted from gross pay for required taxes, employee insurance, andretirement benefits; may be voluntary or mandatory
Federal withholding taxAmount required by law for employers to withhold (deduct) from earned wages topay federal income taxes |
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Amountdeducted from a persons income to assist in funding governmentagencies within the state |
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