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10 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, usually 1 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 non taxable items such as donations to charity or churches and mortgage 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 attachment to a paycheck that shows gross pay, deductions and net pay.
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Automatic raise
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Regular raise recieved by all employees
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Merit raise
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Raise baised on the amount and quality of an employees work
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Promotion
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Advancement to a high- level job or position within a company
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Letter of resignation
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A letter written by and employee notifying and employer of the intent to quit a job; it should include the fact that you are leaving, a date when you plan to leave, the reason you are leaving, and an offer to help train your replacement.
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