| A | B |
|---|
| benefits | forms of pay for a job other than salary or wages, such as vacation and holidays |
| cafeteria plan | a benefits package that allows employees to choose some options and reject others |
| commission | income based on completing a sale |
| disposable income | money that is lelft to save or spend after paying taxes |
| dividend | money paid to stockholders of a corporation |
| entrepreneur | a person who takes the risk of owning a business |
| excise tax | tax on the sale of certain goods such as tobacco or on activities |
| minimum wage | lowest pay rate allowed by law for each hour of work |
| overtime pay | at least 1 1/2 times the regular rate of pay |
| paid holidays | days you are paid for but you do not actually work, such as New Year's Day |
| personal leave | days you are paid for when you are absent for personal reasons |
| profit | the amount left after all costs are deducted from the income of a business |
| sick leave | days you are paid for even though you are sick and do not work |
| tax | a required payment for the supposrt of a government |
| tip | money earned based on quality of service |
| transfer payments | money or benefits received from government without working for them when they are received |
| unearned income | money received from sources other than working at a job |
| wage | the amount per hour that you are paid for doing work |
| time card | a record of the time you start work, the time you leave, and any breaks you take |
| gross pay | the total amount of earnings before deductions |
| salary | set amount of money paid to someone in exchange for work |
| deduction | the amounts subtracted from your gross pay |
| social security | this insurance program run by the government provids benefits for retired workers, the disabled, and other qualified persons |
| medicare | national health insurance program run by the U;S. government used to give benefits to those who collect social security |
| net pay | is the gross pay minus all deductions |
