Buisness 2 Flashcards

0
Q

A set fee or percentage of a sale paid to an employee instead of or in addition to salary or wages

A

Commission

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1
Q

Forms of pay other than salary or wages

A

Benefits

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2
Q

Money available to spend or save after taxes have been spent

A

Disposable income

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3
Q

A portion of a corporations profits distributed to stockholders

A

Dividents

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4
Q

A person who takes the risks of being self employed and owning a buisness

A

Entrepreneur

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5
Q

Taxes levied on consumer purchases of goods and services

A

Excise taxes

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6
Q

A person claimed as depended in their tax return

A

Exemption

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7
Q

A form used to report taxable income a worker received during the calandra year

A

Form w-2

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8
Q

Total salary or wages earned during the pay period

A

Gross pay

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9
Q

Money in the form of a check ,debit card, or other direct payment given given to a person needing assistance

A

In cash payments

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10
Q

Payments made indirectly on a persons behalf or in a form other than money

A

In kind payments

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11
Q

A tax that lays for medical care for retired people

A

Medicare tax

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12
Q

Lowest payed rate by law allowed for each hour of work

A

Minimum wage

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13
Q

The amount of your paycheck after deductions

A

Net pay

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14
Q

Pay received for hours worked in addition to regular hours

A

Overtime pay

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15
Q

Paid time away from work for personal reasons

A

Personal leave

16
Q

A benefit where employees may share in the profits of a business

A

Profit sharing plan

17
Q

Government provided goods and serviced paid for by taxes

A

Public goods

18
Q

An account in which employees contribute a portion of their earning for their retirement

A

Retirement plan

19
Q

Taxes levied on consumer purchases of goods and services

A

Sales taxes

20
Q

Paid time away from work due to illness

A

Sick leave

21
Q

A withholding tax to provide old age, survivors, and disability insurance

A

Social security tax

22
Q

Money and benefits received from local, state, or federal governments

A

Transfer payments

23
Q

Money received from sources other than working

A

Unearned income

24
Q

Taxes based on the use of goods and services provided by the government

A

Use taxes