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9 Cards in this Set

  • Front
  • Back
Compensation
total amount of income and benefits a person reciesves for his or her job
overtime pay
wage recieved for working more than 40 hours a week,usually 1.5 times the normal hourly wage
Gross pay
amount of salery or wages that a person earns during a certain period of time
Deductions
Certaina mounts that are withheld from the paycheck of an employee; various nontaxable items such as donations to charity or churches and mortgage intrest
Net pay
pay that a person has left to take home after the deductions have been made
Statement of earnings
pay statement; the attchament to a paycheck that shows gross pay, deductions, and net pay
Automatic raise
regular pay raise recieved by all employees
Merit raise
raise based on the amount and quality of an employees work
Promotion
Advancement to a higher level job or position within a company