After the Interview Flashcard

Front

What is the definition of rejection?

Back

Act of being refused or turned down

Front

What is the definition of compensation?

Back

Payment provided for doing a job

Front

What are direct compensations?

Back

Monetary payments employers make to employees

Front

What are indirect compensations?

Back

Expenditures made by an employer on behalf of employees

Front

What is the definition of salary?

Back

Set sum of money to be paid by employer to employee

Front

What are hourly wages?

Back

Compensation paid based on the number of hours an employee works

Front

What is commission?

Back

Compensation paid based on employee performance.

Front

What is a bonus?

Back

Compensation used as an incentive for achieving goals

Front

What is withholding tax?

Back

Percentage of earnings deducted from an employee's pay and submitted to the government

Front

What is Form W-4 used for?

Back

Federal form used by employers to determine withholding amount