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ch.2.1 Earned income Flashcards | StudBud

Explore/ch.2.1 Earned income

Define over time pay.

Define pay without work.

ch.2.1 Earned income

7 terms·StudBud Administration

resouce: Personal Financial Literacy Joan Ryan,Christie Ryan

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Questions 7

Answers

1
Define pay without work.
when employee who is not working will be paid
when an employee retires
2
Define over time pay.
when the employees work for extra hours they get payed more.
you get payed more for not doing anything
3
health spending accounts?
withdraws from the hospital
accounts used to pay for medical expenses
4
what is minimum wage?
this is the lowest pay rate allowed by the law
the highest pay rate allowed by the president
5
what does Disposable income mean?
money people save after taxes ate paid.
money people have available to spend
6
What is a commission?
To make a community .
a set of fee or percentage of sale paid to employees .
7
What is Personal leave?
Paid time away from work for personal reasons
leaving work to go relax