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Business

TermDefinition
income money received by a person or a household
benefit in king get payment from a company but its not money its a benefit from the company
wages a payment received from the amount of work done
salires is a fixed annual payment
time rate a wage calculated on the of hours worked
overtime rate when an employee work over the standard time rate a week and may receive a higher rate of payment.
piece rate canulation on the number of item completed
commission payment based on the value of goods or service they have sold
bonus payment reward for meting performances or targets made
basic pay basic pat is the amounts earned before ant extra payments (overtime and bonuses )are added
gross pay the sum of basic pay and any extra income earned from overtime bonuses or commission.
Created by: RPentony23
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