Work Terms
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Benefits
Business
100
The lowest pay rate allowed by law for each hour of work, what is this called
What is minimum wage
100
A required payment for the support of a government, such as income tax or sales tax
What is tax
100
A benefit package that allows employees to select the options they want from a number of choices
What is Cafeteria plan
100
Business owner; person who takes the risks of owning a business
What is entrepreneur
200
Days a worker is paid for working but did not work due to illness. What is it?
What is Sick leave
200
Tax on the sale of certain goods such as tobacco or on activities such as highway use by heavy trucks
What is exercise tax
200
Forms of pay for a job other than salary or wages, such as vacation and holidays
What is Benefits
200
Money paid to stockholders of a corporation
What is dividend
300
Days a worker is paid for working but does not actually work, such as Christmas and Thanksgiving
What is Paid holidays
300
Money or benefits received from the government without working for them at the time they are received
What is Transfer payments
300
Money, often a percentage of the total bill, or a gift given to a person for performing a service and often based on the quality of service provided
What is tip
300
A set fee or a percentage of a sale paid to a salesperson instead of or in addition to salary or wages
What is commission
400
Days a worker is paid for working even though he or she is absent for personal reasons
What is Personal leave
400
Money received from sources other than working in a job
What is Unearned income
400
The amount left after all costs are deducted from the income of a business
What is Profit
400
An amount of money that an employee is paid each year
What is salary
500
Pay for hours worked beyond the set regular number for a job
What is Overtime pay
500
The money a person has available to spend or save after taxes have been paid
What is disposable income
500
A point where a person stops employment completely
What is retirement
500
Employees who work for___ are paid for each hour worked
What is wage
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