P/F 2.1

Forms of compensation in addition to salary and wages

• Benefits

• Commission

• Sick Leave

• Retirement Plan

Paid time away from work for personal reasons

• Sick Leave

• Personal Leave

• Comission

• Benefits

A benefit that allows employees to share a portion of the business

• Disposable Income

• Overtime Pay

• Profit Sharing

• Retirement Plan

The lowest pay rate allowed by law for each regular hour of work.

• Profit Sharing

• Commission

• Benefits

• Minimum Wage

Money available to spend or save after taxes have been paid

• Disposable Income

• Minimum Wage

• Overtime Pay

• Commission

Paid time away from work due to illness

• Personal Leave

• Sick Leave

• Benefits

• Retirement Plan

Pay received for hours worked in addition to regular hours

• Sick Leave

• Profit Sharing

• Overtime Pay

• Commission

A set fee or percentage of a sale paid to an employee instead of or in addition to salary or wages

• Minimum Wage

• Disposable Income

• Profit Sharing

• Commission

An account into which employees voluntarily contribute a portion of their earnings for their retirement.

• Retirement Plan

• Benefits

• Sick Leave

• Personal Leave