Business English Lesson – Advanced Level's archive Payroll policy in the USA 1.. pay is what an employee earns before deductions.. pay is what an employee actually receives after deduct
Trang 1Business English Lesson – Advanced Level's archive
Payroll policy in the USA
1 pay is what an employee earns before
deductions
Net
Full
Gross
Complete
Trang 22 pay is what an employee actually receives after
deductions
Net
Reduced
Final
Gross
3 An employee who is paid on receives the same
pay each pay period no matter how many hours they work
commission
Trang 3salary
overtime
wage
4 In the USA working over 40 hours per week is
considered overtime For each hour of overtime in the
USA you receive your hourly multiplied time 1 1/2
money
dollars
Trang 4wage
salary
5 The rates for overtime in the USA are generally known
as
pay-plus-one-half
an hour and a half
hour plus half
time-and-a-half
Trang 56 Federal taxes and Social Security are both examples of
standard from your paycheck
reduction
deductions
withdrawals
removals
7 In order to cash a check you must it, or in other
words sign the back
endorse
Trang 6stamp
write
balance
8 You record how much each of your employees should
be paid in the account
employee pay
standard deductions
net pay
payroll
Trang 79 An check is one that you have written and
deducted from your checkbook balance but has not yet
cleared the bank
intermediate
overdue
outstanding
overdrawn
10 Books are all closed at the end of an accounting
period A more common term for an accounting period is a
period
Trang 8physical
fiscal
focal
foreclosed