Taxes

a set amount of money earned by an employee per year or other fixed length of time.

• Salary

• Commission

• Wage

• Overtime

employee earnings that are paid by the hour, day, or item.

• Salary

• Commission

• Wage

• Overtime

a fixed percentage or amount of profit given to an employee in exchange for making a sale.

• Salary

• Commission

• Wage

• Overtime

Work in excess of 40 hours per week is classified as overtime.

• Salary

• Commission

• Wage

• Overtime

The TOTAL amount earned before deductions.

• Net Pay

• Take Home Pay

• Gross Pay

• Pay Period

The TOTAL amount earned after deductions.

• YTD

• Take Home Pay (Net Pay)

• Gross Pay

• Pay Period

The amount of time an employee is getting paid for in ONE paycheck.

• YTD

• Take Home Pay (Net Pay)

• Gross Pay

• Pay Period

The TOTAL amount from the beginning of the fiscal year.

• YTD

• Take Home Pay (Net Pay)

• Gross Pay

• Pay Period

money that is taken out of your paycheck and paid to help the greater society.

• Benefits

• Deductions

• Pay stub

• Gross Pay

extra “perks” an employer offers that are deducted from your paycheck. (these deductions benefit you directly)

• Benefits

• Deductions

• Pay stub

• Gross Pay