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WorksheetsFinancial Literacy Chapter 2 Vocabulary
Total questions: 19
Worksheet time: 10mins
Total amount you earn before deductions
Net Pay
Pay Check
Bring Home Pay
Gross Pay
A fixed hourly rate earned by employees
Net Pay
Gross Pay
Wage
Overtime
Time worked beyond your regular hours
Overtime
Extra time
Too much time
Earned extra pay
Fixed annual amount of gross pay
Overtime
Net Pay
Salary
Gross Pay
The amount in your paycheck after all deductions have been taken out
Gross Pay
Net Pay
Overtime Pay
Special Pay
Forms of employer compensation in addition to pay
Extra money
Monopoly money
Benefits
Vested pay
When an employee is entitled to the full retirement amount after a specified period of employment time.
Stock options
Full time bonus
Inventory pay
Vested
Form of compensation that encourages employees to strive for higher levels of performance
Salary
Gross Pay
Insurance options
Incentive pay
Plan that allows employee to share a portion of the company's profits at the end of the corporate year.
Profit sharing
Meal ticket
Vested
Benefits
Incentive pay based on quality of work done, years of service, or a company's sales and profits
Salary
Bonus
Expense account
Medical reimbursement
Work model that allows employees to work offsite and remain in contact with their employers through the use of technology
Work rotation
Job sharing
Telecommuting
Telekinesis
Work schedule that allows employees to choose their working hours within a defined time limit.
Job rotation
Telecommuting
Job sharing
Flextime
A work schedule that fits the normal 40 hour work week into less than five days
Job scrunching
Job shortening
Job rotation
Compressed workweek
A job design where employees are trained to do more than one specialized task
Telecommuting
Job rotation
Job sharing
Job swapping
Two people share the same full time position with split salary and benefits
Job hopping
Job control
Job rotation
Job sharing
A group of people who work in the same or similar occupations organized to benefit the employees in that occupation
Union
Service organization
Vested enterprize
Job Sharing
The process of negotiating an employment contract for union members
Union representative
Bargaining
Seniority
Closing arguments
The length of time a person has held a job
Time freeze
Yearly countdown
Seniority
Senorita
Organized activity by paid activists to influence public officials to pass laws and make decisions that benefit a profession
Hotel lobby
Labor union
Lobbying
Politician bargaining
