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INCOME
SALARY: Same amount each check
BENEFITS OF SALARY: Examples: vacation days, discounts, insurance, company car, cell phone, laptop, sick days, personal days, bereavement, tickets, retirement ex: 401 k , and stock pan.
BENEFITS OF SALARY: Examples: vacation days, discounts, insurance, company car, cell phone, laptop, sick days, personal days, bereavement, tickets, retirement ex: 401 k , and stock pan.
HOURLY: An emoployeer agrees to pay a worker a certain amount of money every hour they work.
OVERTIME: Time plus half. Example; If you work 5 hours a day and you work extra than needed lets say that day you work 7 hours then you would have to get amount of money you make plus an extra half of that per hour.(usually not in all the cases)
OVERTIME: Time plus half. Example; If you work 5 hours a day and you work extra than needed lets say that day you work 7 hours then you would have to get amount of money you make plus an extra half of that per hour.(usually not in all the cases)
TIPS: sub- minimum wage
MINIMUM WAGE IN AMERICA: The average minimum wage in America is $7.25 an hour, so if you work every single day a year, and have no sick days off and no vacations then the total amount of money you would have is $15,080 and that's not a lot, also there's going to be taxes taken off, so basically that's not the final amount of money you get to take "home".
MINIMUM WAGE IN AMERICA: The average minimum wage in America is $7.25 an hour, so if you work every single day a year, and have no sick days off and no vacations then the total amount of money you would have is $15,080 and that's not a lot, also there's going to be taxes taken off, so basically that's not the final amount of money you get to take "home".
BONUS : A bonus is like extra credit; it's not a priority, it's something that your job gives you but they didn't have to. For example they might have done "If you sell the last car of the day then you will get a 1 week vacation to Rio for free.
Net pay, Gross pay, and Taxes.
NET PAY:Net pay is the amount of a person's paycheck left over after any deductions are taken out.
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GROSS PAY:Gross pay is your total pay before any deductions are taken out of your paycheck.
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TAXES:Taxes is money taken out of your paycheck by your governor because you live there and also of other many reasons for example another one could be for schools.
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More about Net pay and Gross pay.
http://www.youtube.com/watch?v=NDKQjM810pM