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6 Cards in this Set

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  • Back

Wage-


a fixed regular payment earned for work or services, typically paid on a daily or weekly basis.

Hourly rate-


the amount of money that is charged, paid, or earned for every hour worked: You pay a fixed or hourly rate for the advisers' time rather than paying for the products they sell you

Salary-


a fixed regular payment, typically paid on a monthly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

Piece rate-


a rate of payment for piecework

Gross Pay-gross pay is the


employees


Gross Pay is the employee's pay of any kind as described in paragraph 5 before any deductions are made by the employer


Overtime-


time worked in addition to one's normal working hours to get paid more.