ch.3 Taxation Vocabulary

Total income before payroll deductions.

• commission

• tip

• bonus

• gross pay

income paid as a percentage of sales made by a salesperson.

• commission

• tip

• bonus

• gross pay

Money added to an employee's vase pay.

• Commission

• Tip

• Bonus

• Gross pay

Money paid beyond services that are required.

• Commission

• Tip

• Bonus

• Gross pay

a wage based on the amount of work which is completed.

• wage

• levy

• piecework

• salary

tax means to use legal authority to impose a payment

• wage

• levy

• piecework

• salary

a fixed payment for work and is expressed as an annual figure.

• wage

• levy

• piecework

• salary

payment for work that is usually calculated on an hourly, daily, or piecework basis.

• wage

• levy

• piecework

• salary

the income received from employment, including self-employment

• earned income

• unearned income

• taxable income

• taxable deduction

earnings from sources other than work.

• unearned income

• earned income

• taxable deduction

• taxable income