Thursday, September 18, 2008

taxable income- the income you pay tax
taxable income- the amount of income you pay tax.

Monday, September 15, 2008

overtime- 1hours worked beyond the regular hours. 2 payment for this time.
Gross pay- the total amount of money earned also called gross earnings.

Friday, September 12, 2008

wage-payment made by an employer in exchange for work or sevice provided.
take home pay- often called net pay refers to the money paid to an employee after deductions.
SALARY- a fixed regular payment usually calculated on an annual basis and paid monthly.