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BAC Chapter 1

BAC Chapter 1 - WHS BAC Chapter 1 Earning Money vocab

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