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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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