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8
Finance
12th Grade
03/21/2013

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Cards

Term
Salary
Definition
is a set amount of money earned by an employee per year or other fixed lenght of time
Term
Wages
Definition
are employee earnings that are paid by the hour, day, or item
Term
Piecework
Definition
work for which wages are based on the nuber of items or pieces produced
Term
Commission
Definition
is a fixed percentage or amount of profit given to an employee in exchange for making a sale
Term
Tips
Definition
are money given to an employee by customers in exchangefor a service
Term
Minimum Wage
Definition
the lowest hourly rate an employer may legally pay most workers
Term
Overtime
Definition
work in excess of 40 hours per week
Term
Vested
Definition
entitled to some or all of ones money in retirement plan when leaving a company
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