LESSON 1-1 REVIEW

4. “Extras” offered to employees to improve employee morale.
7. Employees avoid paying income tax on the money in the account until it is withdrawn.
9. Provides regular payments to employees with an illness or injury outside the workplace that prevents them from working.
12. The ability to continue a policy after leaving an employer.
13. money available to spend after taxes are paid.
14. A fixed amount earned for a period of time (month or year).

1. Given to someone performing a service.
2. Employers are required by law to provide an insurance plan for employees who have suffered an injury/illness from job-related duties.
3. Pay received for hours worked in addition to regular hours.
5. Lowest pay rate allowed by law for each hour worked.
6. A set fee or percentage of a sale paid to an employee instead of or in addition to regular hours.
8. The payment that is made for health insurance.
10. A form of compensation in addition to salary or wages.
11. An amount paid for each hour worked