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16 Cards in this Set
- Front
- Back
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Gross Pay
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The total amount you earn before any deductions are subtracted.
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Overtime
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Time worked beyond the regular hours.
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Deductions
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Amounts subtracted from your gross pay.
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Net Pay
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When all deductions are taken out of your gross pay, the amount left.
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Self-Employment Tax
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The total of 15.3%.
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Incentive Pay
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Money offered to encourage employees to strive for higher levels of performance.
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Vested
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Entitlement to the full retirement account.
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Flextime
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Allow employees to choose their working hours within defined limits.
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Compressed Workweek
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A work schedule that fits the normal 40-hour workweek into less than 5 days.
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Job Rotation
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A job design in which employees are trained to do more than one specialized task.
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Job Sharing
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A job design in which two people share one full-time position.
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Labor Union
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A group of people who work in the same or similar occupations.
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Collective Bargaining
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The process of negotiating the terms of employment for union members.
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Seniority
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A policy in which the last workers hired will be the first fired when jobs must be cut.
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Professional Organization
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An organization of people in a particular occupation that requires considerable training and specialized skills.
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Lobbying
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Professional organizations try to influence public officials to take political action that benefits the profession.
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