After You Get a Job Vocab

A person working for another person or a business firm for pay

• Employee

• Employer

A person or organization that pays people to work for them

• Employee

• Employer

An amount of money paid each hour to compensate an employee for the amount of time he/she spends working

• Salary

• Hourly Wage

A fixed amount of money paid to an employee for each pay period

• Salary

• Hourly Wage

Part of an employee's compensation in addition to money, including insurance, retirement savings, employee discounts, etc.

• Taxes

• Benefits

Fees for the support of the government required to be paid by people and businesses.

• Taxes

• Benefits

A check given to an employee for earned income.

• Paycheck

• Pay Period

The regular schedule by which employers pay employees (could be weekly, biweekly, monthly)

• Paycheck

• Pay Period

Pay taken home to spend (after withholdings and deductions)

• Gross Income

• Net Income

The total amount of income from wages before any payroll deductions

• Gross Income

• Net Income