Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
14 Cards in this Set
- Front
- Back
|
deductions |
amounts subtracted from gross pay |
|
|
gross pay |
the total amount earned before any deductions are subtracted |
|
|
incentive pay |
money offered to encourage employees to strive for higher levels of performance |
|
|
net pay |
the amount left after deductions are taken out of gross pay |
|
|
overtime
|
time worked beyond the regular hours |
|
|
self-employment tax |
the total of 15.3% for social security and medicare tax paid by people who work for themselves |
|
|
vested |
the point at which employees have full rights to their retirement accounts |
|
|
collective bargaining |
the process of negotiations a work contract for union members |
|
|
compressed workweek |
a work schedule that fits 40 hours of work into less than 5 days |
|
|
flextime |
a schedule that allows employees to choose their working hours within limits |
|
|
job rotation |
a job design in which employees are trained to do more than one specialized task |
|
|
labor union |
a group of people who work in the same or similar occupations, organized for the benefit of all employees in these occupations
|
|
|
lobbying |
an attempt to influence public officials to pas laws and make decisions that benefit a particular group |
|
|
seniority |
a policy where the longer you work for an employer, the more job security and rights you have |
