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9 Cards in this Set
- Front
- Back
Compensation
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total amount of income and benefits a person reciesves 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 1.5 times the normal hourly wage
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Gross pay
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amount of salery or wages that a person earns during a certain period of time
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Deductions
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Certaina mounts that are withheld from the paycheck of an employee; various nontaxable items such as donations to charity or churches and mortgage intrest
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Net pay
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pay that a person has left to take home after the deductions have been made
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Statement of earnings
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pay statement; the attchament to a paycheck that shows gross pay, deductions, and net pay
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Automatic raise
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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 employees work
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Promotion
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Advancement to a higher level job or position within a company
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