Prep CC Final Exam Flashcards

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Thank You Notes

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A written expression of gratitude.

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Company Culture

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The shared values, beliefs, and practices of a company's employees.

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Salary

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A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.

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Commission

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A sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services.

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Overtime

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Time worked beyond the regular working hours.

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Net Pay

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The amount of money an employee takes home after all deductions are taken out of their gross pay.

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Gross Pay

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The total amount of money earned by an employee before any deductions.

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Deductions

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Amounts subtracted from an employee's gross pay, such as taxes, insurance, and retirement contributions.

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Benefits

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Non-wage compensation provided to employees in addition to their normal wages or salaries.

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Self-Evaluations

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A process where an individual assesses their own performance and skills.