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A payment in exchange for an emplotee's laboror services. This payment, which is usually in money, is paid by the hour, day, or by the piece |
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The lowest hourly wage employers can pay most workers by law |
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A wage that is based on a rate per unit or item completed |
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Payment for work that is expressed as an annual figure |
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Income paid as a percentage of sales made by a salesperson |
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Money paid for service beyond what is required |
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Money added to an employee's base pay. it is usually a reward for performance or a share of business profits |
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payment and benefits received for work |
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A form of nonmonetary compensation received in addition to a wage or salary |
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A worker's earnings before deduction |
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An amount subtracted from gross income |
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FICA (Federal Insurance Contribution Act) |
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The law that requires the collection of social security payroll |
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gross income minus payroll deductions |
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Earnings from sources other than work |
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Activities, subjects, ideaas, sports, or hobbies a person enjoys |
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A government payment or benefit promised by law to eligible citizens, such as Social Security and Medicare benefits, unemployment benefits, veterans' services, food stamps, and housing assistance |
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The federal governement's program for providing income when earnings are reduced or stopped because of retirement, disability, or death |
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A federal government program that helsp pay the medical expenses of people 65 and older and others with certain disabilities |
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A limitation that affects a person's ability to function in major life activities |
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A government administered by the statesd that pay certain health care costs for eligible low-income individuals and families |
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A wage and tax statement thay states the amount an employess was paid in the previous year. |
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The emploee's withholding allowance certificate that tells how much tax to withhold from an employee's paycheck |
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An expense that can be subtracted from a worker's taxable income |
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A tax benefit that reduces the amount of income a person is taxed on |
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An amount that cna be subtracted from the taxes a worker owes, if eligible |
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