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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 receives for his or her job
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Overtime Pay
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Wage received for working more than 40 hours a week, usually 1 1/2 times the normal hourly rate
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Gross Pay
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Amount of salary or wages that a person earns during a cerain period of time.
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Deductions
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Certain amounts that are withheld from the paycheck of an employee
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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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Pat statement: the attchment to a payckeck that shows gross pay, deductions, and net pay.
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Automatic Raise
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Regual pay raise received 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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