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Math Finance 1.3

Math Finance 1.3 Other ways to earn

TermDefinition
commission percentage of the amount of a business transaction paid to a sales agent or broker
straight commission when the only compensation received by an employee is commission
independent contractor person who provides a service to the public or to a company for money
contract formal agreement between two or more entities, such as people or organizations
oral contract agreement that has been acknowledged only through spoken words
entrepreneur person who starts a business venture and assumes the risk of its success or failure
income money received by a person or company
earned income pay that comes from a person's work
unearned income income that is not derived from a person's work
payroll List of employees a company pays
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