3.1 Study Guide

The amount of money an individual earns in a pay period is called gross earnings,
or gross pay is

The total amount of money an individual earns during a pay period is

A fixed amount of money paid to an employee for each pay period is

What you get paid per hour is

A record of the time an employee arrives at work, leaves work, and the total number of hours worked each day is

An electronic device that scans the magnetic strip containing employee information on an employee's identification badge and then transfers the information directly to a computer is

An amount paid to an employee based on a percentage of employee sales

A rate of pay based on the number of items produced is

rate employers are required to pay certain employees covered by state and federal laws; the Fair Labor Standards Act of 1938 sets the rate at 1.5 times the regular hourly rate after 40 hours per week is

paid once a week