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Payroll Terms

AB
averagesingle number used to represent a group of numbers
commissionpercent of sales received as payment for sales achieved
deductionsamounts subtracted from your gross pay
double-time paytwice (2X) the regular time (hourly) pay rate
employeeperson who earns money by working for others
employerperson or company for which a person works
graduated commissionrate of commission that increases as sales increase
gross paytotal amount of money that an employer is paid
hourly ratea certain amount that a person is paid who works by the hour
net payamount left after all of the deductions are taken out of your gross pay (take home pay)
overtimetime worked beyond the regular working day or week
per diemby the day as in paid by the day
piece-ratethe rate at which an employee is paid per item produced
quotafixed amount of expected sales
salaryfixed amount of money paid to an employee
straight commissionearnings for salespeople made only from commission
time-and-a-half1.5 times the regular time (hourly) pay rate
tipamount of money given voluntarily to a service provider by one who receives a service


Shawnee High School
Medford, NJ

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