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BizTown Vocabulary

Unit 3

deduction To subtract a certain sum of money (tax)
employee A person who works for an employer (another person
employer a person or business that hires one or more people, usually for a salary
entrepreneur someone who recognizes opportunities and organizes resources to take advantage of them
ethical Follows standards to determine what is good, right, and proper.
gross pay The amount an employee has earned before any taxes or other deductions are subtracted
interest A fee received for the use of money
job application A form completed by people applying for a job
job interview A face to face discussion to determine whether an applicant is suitable for a job
net pay Gross pay minus any taxes and other payroll
paycheck Salary or wages paid to an employee
payroll tax A tax on an employee’s pay
pay stub The part of a paycheck that is retained by the employee as a record of pay and payroll deductions
punctual Arriving at an arranged time
resolving conflicts Process of solving a dispute or disagreement
skills Developed abilities a person does well
teamwork Cooperative efforts by members of a group to achieve the same overall goal
work-readiness The skills that represent the way employees act on the job: punctual, kindness, appropriate dress.
Created by: hewittl