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7 Cards in this Set

  • Front
  • Back
Compensation
total amount of income and benefits a person receives for his or her job
Overtime
wage received for working more than 40 hours a week usually 1 1/2 times the normal
Gross pay
amount of salary or wages that a person earns during a certain period of time
Deductions
Certain amount that are with held from the paycheck of an employee; various nontaxable items such as donations to charity or churches and mortgage interest
Net pay
Pay that a person has left to take home after all deductions have been made
statement of earnings
Pay statement the attachment to a paycheck that shows gross pay, deductions, and net pay
Automatic Raise
regular pay raise received by all employees