
Financial Models Unit 7 Flashcards
Flashcard
•
Business
•
10th Grade
•
Hard
Stephanie Murphy
Used 1+ times
FREE Resource
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58 questions
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1.
FLASHCARD QUESTION
Front
Wages
Back
When workers exchange their time and skills, they are given payments.
2.
FLASHCARD QUESTION
Front
Salary
Back
The fixed amount of pay given to an employee. Salaries often refer to the amount given in a year.
3.
FLASHCARD QUESTION
Front
Overtime
Back
When an employee works beyond the regular working day or week they can be paid.
4.
FLASHCARD QUESTION
Front
Gross income
Back
Amount of money that is earned.
5.
FLASHCARD QUESTION
Front
Deductions
Back
Amounts of money that are subtracted from an employee's gross income.
6.
FLASHCARD QUESTION
Front
Net income
Back
After the deductions are subtracted from the gross pay, the amount left. This is the amount of money that the employee receives.
7.
FLASHCARD QUESTION
Front
Tax
Back
A fee that goes to the government to help pay for public services.
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