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WORK AND PAY
BEI
| Term | Definition |
|---|---|
| gross pay | the salary that someone receives before tax |
| net pay | an amount of money someone gets paid after tax |
| a deduction | the amount you have to pay out-of-pocket for expenses before the insurance company will cover the remaining costs |
| to earn | to gain (success, reward, recognition) through applied effort or work |
| a payslip | a piece of paper showing your salary and tax |
| overtime | working time outside of one's regular hours |
| tax | money that you pay the government from your salary |
| an insurance policy | a contract between an insurance company and a person who pays for the insurance |
| a comission | money you get when you sell the product |
| a sick pay | money given to someone by an employer because they are ill and can't work |
| a subsidy | financial support or assistance, such as a gran |
| a pension | money that you get after you stop work |
| a salary | a fixed amount of money paid to a worker, usually calculated on a monthly or annual basis |
| wages | (often in plural) An amount of money paid to a worker for a specified quantity of work, usually calculated on an hourly basis and expressed in an amount of money per hour. |