| A | B |
|---|
| Canceled checks | Checks that have been written and returned by the bank. |
| Outstanding checks | Checks that have been written and not yet returned by the bank. |
| Service Charge | A deduction taken to handle your checking account |
| Piece rate | A wage that is based on the number of items produced. |
| Salary | Wages that are paid reguardless of the number of hours worked. |
| Overtime | Time worked about regular time |
| Reciprocal | When the product of two numbers is one. |
| Withholding Tax | A deduction from pay for federal income tax |
| FICA | A deduction from pay for social security and medicare taxes |
| Fringe benefits | Items of value that workers get in addition to salary |
| Extension | Total price of each item on a sales slip |
| Payback period | The time a product takes to save as much money as it costs is called. |
| insured | A life insurance policy is a contract between the insurance company and |
| Unit Price | the price of one item. |
| Term Insurance | Provides insurance for a fixed period of time |
| Collision | Covers damage to your own motor vehicle |
| Comprehensive | Covers damage or loss to your vehicle from fire, theft, vandalism. |
| Property Damage | Covers damage to other people's property including their vehicles. |
