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BAC Chapter 1 - WHS BAC Chapter 1 Earning Money vocab

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Term
Definition
hourly rate   amount of money paid for each hour of work  
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wages   number of hours worked multiplied by the hourly rate  
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annual wages   money earned by an employee in one year  
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estimate   judge the value of something without being exact  
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a.m.   ante meridiem  
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p.m.   post meridiem  
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overtime   working time beyond a regular 40-hour week  
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time and a half   payment of 1.5 times the regular hourly rate  
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double time   payment of two times the regular hourly rate  
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tip   extra money given for good service  
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piecework   work paid according to the number of units completed  
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key digit   number to be rounded  
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bimonthly   every two months  
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biweekly   every two weeks  
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quarterly   four times a year  
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salary   payment of a fixed amount of money at regular intervals  
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semiannually   every six months  
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semimonthly   twice a month  
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percentage   amount calculated by multiplying a percent times a number  
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commission   percentage of total sales  
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rate of commission   percent used to compute commissions  
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gross pay   full earnings  
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deductions   money withheld from gross pay  
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take-home pay   amount a worker receives after deductions are subtracted from gross pay  
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