Shared Flashcard Set

Details

Income and Taxes
n/a
8
Finance
12th Grade
03/21/2013

Additional Finance Flashcards

 


 

Cards

Term
Salary
Definition
Set amount of money earned by an employee per year or ther fixed length of time
Term
Wages
Definition
employee earnings that are paid by the hour, day or item.
Term
piecework
Definition
work for which wages are based on the number of items produced
Term
Commission
Definition
fixed percentage or amount of profit given to an employee in exchange for making a sale
Term
Tips
Definition
money given to an employee by customers in exchange for service
Term
Minimum wage
Definition
lowest hourly rate amn employer may legally pay most workers
Term
Overtime
Definition
more than 40 hours
Term
vested
Definition
entitled to some or all of his money in the retirement plan when leaving the company
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