Unit 1 Review Vocab

The total amount paid in a year to someone who is paid hourly.

• Sales Tax

• Annual Wage

• Salary

• Discount

The amount a worker earns in a year divided by the number of weeks in a year.

• Weekly Wages

• Annual Wage

• Budget

• Net pay

A tax on sales or on the receipts from sales.

• Gross pay

• Depreciate

• Commission

• Sales Tax

An estimate of income and expenses for a set period of time.

• Commission

• Gross Pay

• Budget

• Net pay

The amount of salary or wages earned BEFORE any deductions

• Gross pay

• Net pay

• Salary

• Discount

The amount of salary or wages earned AFTER deductions.

• Gross Pay

• Commission

• Discount

• Net Pay

The rate given times the total amount of sales.

• Salary

• Net pay

• Commission

• Gross pay

Diminish in value over a period of time.

• Depreciate

• Weekly Wages

• Annual Wages

• Discount

A fixed regular payment, typically paid monthly or biweekly.

• Commission

• Salary

• Gross Pay

• Net Pay

A deduction from the usual cost of something.

• Sales Tax

• Net Pay

• Depreciate

• Discount