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Salaries
Salaries and Wages
| Question | Answer |
|---|---|
| Payroll is defined as? | a list of employees receiving salaries or wages, and the amounts due to each |
| The amounts due to each employee is called a? | wage or salary. |
| A salary is usually an amount paid to an employee as specified in their..... | contract |
| A wage is where each... | job, unit of production, or hour is paid separately, usually weekly. |
| The amount you earn is called? | gross pay |
| The amount you actually receive is called? | net pay |
| Gross pay can be made up of ... | several amounts |
| Gross pay can include | basic pay overtime bonus commission price work |
| Basic pay is the amount as agreed in the | contract of employment |
| Overtime is payment for | extra hours worked and above those stated in the contract |
| Most workers have the right not to work for more that | 48 hours per week on average (although they can elect to do so) |
| Most overtime is paid at | Premium (an extra amount to the regular rate,ie. time and a half) |
| Some employees are paid overtime for working | unsocial hours - weekends, bank holidays or through the night |
| A bonus is given to employees for | particularly good work, reward or as an incentive |
Created by:
lesterstoffels
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