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7 Cards in this Set
- Front
- Back
Compensation
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total amount of income and benefits a person receives for his or her job
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Overtime
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wage received for working more than 40 hours a week usually 1 1/2 times the normal
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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 amount that are with held from the paycheck of an employee; various nontaxable 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 pay raise received by all employees
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