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OCS FM U2L1 Vocabulary

AB
Incomemoney you earn from a job or get by another source over a period of time
Pay Periodthe length of time for which an employee’s wages are calculated
Gross Paythe amount of money earned during a pay period before deductions
Hourly Wagethe amount of money earned per hour worked
Piece Ratethe payment for a worker who is paid a fixed rate for each item produced or each action performed
Overtimethe amount of time a person works beyond 40 hours in a work week
Overtime Paypay for work beyond 40 hours in a work week that is at least one and one-half times the regular rate of pay
Pieceworka type of job where the worker is paid a fixed rate for each unit produced or each action performed
Shifta person’s scheduled period of work
Production Ratethe number of items produced or the number of actions completed in a given amount of time

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