| A | B |
|---|
| Gross Pay | The total amount paid you are paid without deductions. |
| Overtime | Time & and half (1.5 hours) |
| Required Dedcutions | Federal, state, local taxes, SS, Medicare |
| Self-employment tax | When you pay double medicare and social security tax. |
| Salary | Every check is the same |
| 401 (k) | Retirement plan given by private employers |
| 403 (b) | Retirement plan given by government employers |
| Flextime | Allows employees to choose their working hours within defined limits |
| Compressed Workweek | work 40 hours in less than 5 days |
| Job Rotation | Employees are trained to do more than 1 specialized task |
| Job Sharing | 2 people share one full-time position |
| Telecommuting | working from home or on the road |
| Labor Union | A group of people who work in the same or similar occupation, organized, for the benefit of all employees in these occupations |
| Functions of Unions | Recruit new members and Collective Bargaining |
| Craft Unions | Limited to people who perform that craft |
| Industrial Unions | Mechanics and plant workers are part of this type of union. |
| Professional Organizations | an organization of people in a particular occupation that requires considerable training and specialized skills. They collect dues from members and provide services |
| Lobbying | Professional organizations try to influence public officials to take political action that benefits the profession |
| Unemployment Compensation | Employers pay this out of their budget incase you lose your job. |
