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8 Cards in this Set
- Front
- Back
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compensation
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total amount of income and benefits a person recieves for his or her job
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overtime pay
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wage recieved for working more than 40 hours a week, ususally 1 and 1/2 times the normal hourly wage
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gross pay
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amount of salary or wages that a person earns during a certain period of time
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deductions
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certain amounts that are withheld from the paycheck of an employee: various nontaxable items such as donations to charity or churches and mortage interest
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net pay
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pay that a person has left to take home after all deductions have been made
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statement of earnings
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pay statement: the attchment to a paycheck that shows gross pay, deductions, and net pay
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automatic raises
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regular pay raise recieved by all employees
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merit raise
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raise based on the amount and quality of an employee`s work
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