Payment

Question 1

salary / wages

Answer 1

fixed regular payment made by employer to employee

Question 2

compensation

Answer 2

(typically) money awarded to someone in recognition of loss / injury / suffering

Question 3

remuneration

Answer 3

pay / other compensation for work / service

Question 4

(fringe) benefits

Answer 4

extra benefit supplementing employees money (car, private healthcare,…)

Question 5

incentives

Answer 5

payment / concession to stimulate / motivate greater output

Question 6

perks

Answer 6

benefit arising from job

Question 7

performance-related pay

Answer 7

salary paid system based on position according to performance

Question 8

commission

Answer 8

instruction / role / demand given to person / group

Question 9

overtime

Answer 9

time worked in addition to normal working hours

Question 10

national insurance / social security

Answer 10

any government system that provides monetary assistance (and benefits) to workers and their families

Question 11

pension

Answer 11

regular payment by state to people over retirement age

Question 12

unemployment benefit

Answer 12

payment by state to unemployed person

Question 13

labor costs

Answer 13

sum of all wages + employee benefits + payroll taxes

Question 14

non-wage costs

Answer 14

social security and insurance contributions, taxes, days off,…