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15 Cards in this Set
- Front
- Back
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Deductions |
amounts subtracted from your gross pay |
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gross pay |
total amount you earn before any deductions are subracted |
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incentive pay |
money offered to encourage employees to strive for higher levels of performance |
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net pay |
when all deductions are taken out of your gross pay, the amount left |
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overtime |
time worked beyond the regular hours
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self-employment tax |
the total of 15.3 percent |
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vested |
after a specified period of time, five years |
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collective bargaining |
negotiating a work contract for union members |
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compressed work week |
work schedule that fits the normal 40-hour workweek into less than five days |
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flextime |
type of work scheduled that allows employees to choose their work hours within defined limits |
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job rotation |
job designed in which employees are trained to do more than one special task |
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job sharing |
job designed in which two people share one full-time position. |
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labor union |
group of people who work in the same or similar occupations, organized for the benefit of all employees in these occupations |
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lobbying |
attempt to influences public officials to pass laws and make decisions that benefit the profession |
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seniority |
length of time on the job and is used to determine transfers, promotions, and vacation time according to most union contracts |
