Gross Pay Vocabulary

Front

What is the term for 24 pay periods; paid twice a month?

Back

semimonthly

Front

What is the term for 12 pay periods in a year?

Back

monthly

Front

What is the term for 52 pay periods in a year?

Back

weekly

Front

What is the term for 26 pay periods; paid every other week?

Back

biweekly

Front

What is the term for pay before taxes are deducted?

Back

gross income

Front

What is the term for pay after taxes and deductions?

Back

net income

Front

What is the term for a fixed regular payment, typically paid on a monthly basis?

Back

salary

Front

What is the term for a payment based on sales made?

Back

commission

Front

How many pay periods are there in a biweekly pay schedule?

Back

26

Front

How many pay periods are there in a weekly pay schedule?

Back

52