vocabulary

2. Employee’s total pay before deductions.
7. Person who provides a service to the public or to a company for money.
8. When the only compensation received by an employee is commission.
9. Amount of money paid for each hour worked.
13. Repeating time frame that an employer uses to calculate and pay salaries and wages.
15. Lowest hourly wage employers are legally required to pay employees.
17. Agreement that has been acknowledged only through spoken words.
19. Pay structure in which employees are paid each week.
20. List of employees a company pays.
22. Pay that comes from a person’s work.
23. Pay structure in which salaried employees receive 1/12 of their annual salary onthe last day of each month.
24. Pay structure in which employees are paid every two weeks, often on a Friday.
25. Automatic deposit of a person’s paycheck into his or her checking account.

1. Income that is not derived from a person’s work.
3. Percentage of the amount of a business transaction paid to a sales agent or broker.
4. Wages that are earned when an employee works more than 40 hours in a week.
5. Formal agreement between two or more entities, such as people or organizations.
6. Fixed payment for a person’s work, usually paid monthly or twice per month.
10. Wages that are earned when an employee works more than 40 hours in a week.
11. Pay structure that divides the month into two pay periods; payday is oftenat the middle and the end of the month.
12. Pay the employee receives for the work performed.
14. Person or company who hires a person and pays him or her for work done.
16. Person who starts a business venture and assumes the risk of its success or failure.
18. Tool that makes it easier to trade one thing of value for another.
21. Money received by a person or company.
24. Trading items other than money.