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11 Cards in this Set
- Front
- Back
A potential reward to work toward
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Incentive
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Advancement to a higher-level job within a company
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Promotion
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The amount of salary or wages earned during a certain time period, before deductions are witheld
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Gross Pay
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A pay raise based on the amount and quality of an employee's work
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Merit Raise
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The total amount of income and benefits received for a job
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Compensation
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The wage received for working more than 40 hours a week, usually 1 and 1/2 times the normal hourly wage
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Overtime Pay
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Certain amounts that are witheld from the paycheck of an employee
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Deductions
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A letter written by an employee notifying an employer of the intent to quit a job
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Letter of Resignation
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The amount on a paycheck; the take-home pay of an employee after the deductions are subtracted from gross pay
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Net Pay
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A regular pay raise received by all employees
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Automatic Raise
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A pay statement; the attachment to a paycheck that shows your gross pay, deductions, and net pay
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Statement of Earnings
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