Test bank For Introduction to Payroll 7th
Edition by Alan Dryden
The amount paid to an employee for every hour worked.
wage
A fixed annual(yearly) sum of money divided among equal pay periods
salary
A method of paying an employee based on the amount of sales the employee generates.
Commissions are normally calculated as a percent of employee sales.
commission
If you sell $5,000 worth of items and earn a 10% commission, how much money would you
make?
$500
The total amount earned by all employees for a pay period.
payroll
The number of days or weeks of work covered by an employees paycheck.
pay period
employees are paid every two weeks. 26 times a year
biweekly
Edition by Alan Dryden
The amount paid to an employee for every hour worked.
wage
A fixed annual(yearly) sum of money divided among equal pay periods
salary
A method of paying an employee based on the amount of sales the employee generates.
Commissions are normally calculated as a percent of employee sales.
commission
If you sell $5,000 worth of items and earn a 10% commission, how much money would you
make?
$500
The total amount earned by all employees for a pay period.
payroll
The number of days or weeks of work covered by an employees paycheck.
pay period
employees are paid every two weeks. 26 times a year
biweekly
