| A | B |
|---|
| Commission | When a person is paid a percentage of the sales they make. |
| Piece Rate | When a person is paid based on the number of items they produce. |
| Salary | The amount a person is paid based on the number of weeks, months, or year they work. |
| Hourly Wage | When a person is paid a set amount in a sixty minute period. |
| Overtime Pay | When a person is paid on an hourly basis and works over forty hours in a given week. |
| Gross Pay | The amount a person is paid before any deductions are made. |
| Net Pay | The amount a person receives in his/her paycheck one deductions are made |
| FICA | Social Security tax that is paid by the employer and employee. |
| Worker's Compensation | Tax paid by employers to cover workers if hurt on the job. |
| Unemployment tax | Tax paid by employers to cover times when employees might be unemployed. |
| Fringe Benefits | Most benefits are not taxed, but should be considered when determining what job to accept. |
| Federal Income Tax | Taxes which are paid to the national government to help run America. |
| State Income Tax | Taxes which are paid to state governments to help run it. |
