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Chapter 6

What is the total amount you earn before any deductions are subtracted

Gross pay

Overtime

What is the time that is worked beyond regular hours

Overtime

Workweek

What are the amounts subtracted from gross pay

Self employment tax

Deductions

What is the amount of money you can actually pay and do things with

Gross pay

Net pay

What is social security paid by people who work for themselves

Self employment tax

Benefits

What are forms of employee compensationin in addition to pay called

Collective bargaining

Benefits

When money is offered to encourge employees to strive higher levels of performence it is called

Incentive pay

Overtime

When you are entitled to a full retirment account it is known as

Vested

Flextime

What allows employees to choose their working hours within the defined limits

Compressed work week

Flextime

What is a work schedule that fits forty hours into less then five days

Compressed work week

Short work

What is it called when a job design in which employees are trained to do more than one specialized task

Job rotation

Job sharing

What is it called when two people share one full time job

Job rotation

Job sharing

What is the process of negotiating wages and working conditions

Colletive bargaining

Vested

What is a policy in which the last workers hired will be the first fired when jobs must be cut

Benefits

Seniority

What is it when a professional organizations try to influence public officials to take political action that benefits the profession

Job rotation

Lobbying

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