Chapter 6 Vocabulary

____________is time worked beyond the regular hours.

• job

• gross pay

• overtime

__________ is the total amount you earn before any deductions are subtracted.

• overtime

• flextime

• gross pay

Employees become ___________ (entitled to the full retirement account) after a specified period of time, such as five years.

• vested

• seniority

• deductions

____________ is a job design in which two people share one full-time position.

• labor union

• job sharing

• job rotation

A _______________ is a work schedule that fits the normal 40-hour workweek into less than five days.

• overtime

• job sharing

• compressed workweek

Profit sharing is considered ____________—money offered to encourage employees to strive for higher levels of performance

• incentive pay

• vested

• gross pay

A _____________ is a group of people who work in the same or similar occupations, organized for the benefit of all employees in these occupations.

• seniority

• labor union

• employer

_____________ refers to the length of time on the job it is used to determine transfers, promotions, and vacation time according to most union contracts.

• seniority

• employees

• vested

Participate in political action activities, such as ________, which is an attempt to influence public officials to pass laws and make decisions that benefit the profession

• flextime

• job sharing

• lobbying

__________________ is the total Social Security and Medicare tax, including employer-matching contributions, paid by people who work for themselves

• ss tax

• self-employment tax

• deductions