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Making Money Vocab
Vocab dealing with Jobs
Question | Answer |
---|---|
Monetary or non-monetary gain received because of an action taken or a decision made | Benefit |
Amount withheld by an employer from employee's earnings | Payroll deduction |
Income tax that takes a larger percentage from someone who makes a larger income and a smaller percentage from someone who makes a smaller income. | Progressive Tax |
The total amount of an employee's salary including allowances, overtime pay, commissions, and bonuses, and any other amounts, before any deductions are made. | Gross Pay |
Portion of a salary or wages that an employee actually gets (takes home) after paying all deductions and taxes. | Net Pay |
Costs you did not expect to incur when you accepted your job. | Hidden job costs |
Financial support system established under law to provide income, medical care, and rehabilitation to employees for illness, injury, or death arising out of, and in the course of, their employment whether or not the employee was at fault | Workman's Compensation |
A federal law that requires large employers to provide unpaid leave to employees who are experiencing a serious illness or who need to care for a sick family member or new child. | Family & Medical Leave Act |
Numerous plans that allow an employee to save for certain life events with pre-tax dollars; | Tax Deferred Benefits |
Program that gives the qualifying employees the right to buy the firm's common stock (ordinary shares) at a discount. | Employee Stock Option Plan |