Buisness 2 Flashcards
A set fee or percentage of a sale paid to an employee instead of or in addition to salary or wages
Commission
Forms of pay other than salary or wages
Benefits
Money available to spend or save after taxes have been spent
Disposable income
A portion of a corporations profits distributed to stockholders
Dividents
A person who takes the risks of being self employed and owning a buisness
Entrepreneur
Taxes levied on consumer purchases of goods and services
Excise taxes
A person claimed as depended in their tax return
Exemption
A form used to report taxable income a worker received during the calandra year
Form w-2
Total salary or wages earned during the pay period
Gross pay
Money in the form of a check ,debit card, or other direct payment given given to a person needing assistance
In cash payments
Payments made indirectly on a persons behalf or in a form other than money
In kind payments
A tax that lays for medical care for retired people
Medicare tax
Lowest payed rate by law allowed for each hour of work
Minimum wage
The amount of your paycheck after deductions
Net pay
Pay received for hours worked in addition to regular hours
Overtime pay