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Earning an Income Flashcards | StudBud
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Earning an Income
Earning an Income
15 terms
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#Workplace #Apprenticeship 10 Unit 2 Earning an #Income #Math #HCCA
Flashcards
15 cards
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Questions
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1
The special rate used to determine a persons deductions
CRA Code
Debt Service Ratio
Payroll Rate
Claim Code
2
Extra income earned for living in a remote area
Bonus
Shift Premium
Commission
Isolation Pay
3
The total amount of money earned before any deductions
Commision
Gross Pay
Benefits
Net Pay
4
When someone is paid a set rate for the each item produced...
Piece Work
Bonus
Shift Premium
Gratuity
5
An amount, usually a percentage of total sales, paid to a person for a business transaction
Bonus
Isolation Pay
Overtime Pay
Commission
6
Tax deductions paid to the Government of Canada
Sales Tax
Federal Tax
Provincial Tax
Harmonized Tax
7
A federal insurance program that provides benefits to eligible unemployed people
Auto Insurance
House Insurance
Employment Insurance (EI)
Travel Insurance
8
Regular income during retirement from a fund paid into during a persons working life
Commission
Insurance
Bonus
Pension
9
A person who works for himself or herself, rather than for an employer
CEO
Laborer
Employee
Self-Employed
10
A legal agreement that outlines the terms and conditions, and payments for work to be done
Contract
Salary
Net Pay
Commission
11
Extra payment earned as a reward for excellent work or meeting a deadline
Bonus
Isolation Pay
Shift Work
Commission
12
A Person who works on statutory holidays is paid this time & a half rate
Bonus
Shift Pay
Commission
Over-Time
13
Money taken off the gross salary or wages for as taxes, dues, insurance etc...
Fines
EI
Union Dues
Deductions
14
A range of programs that help employees - dental coverage, travel insurance, drug coverage ...
Benefits
Welfare
Employment Insurance
Bonuses
15
Wages earned twice a month
Annual
Semi-Monthly
Bi-Weekly
Weekly