Please study the 20 vocabulary terms below and press the Mark Complete button to continue.
- ad hoc
- for a particular purpose or need
- check
- a printed form, used instead of money to make payments from a bank account
- commission
- a system of payment based on a percentage of the value of sales, business generated
- compensation
- the combination of payments and other benefits which employees receive
- curb
- reduce or limit
- cutoff
- a fixed point, date or level at which you stop including things
- fringe benefits
- an extra thing which is given to you by an employer
- garnishment
- deduction of income or property from someone who owes a debt
- overtime
- time worked in addition to your usual job hours
- reimbursement
- the act of paying back money which is owed
- requisite
- needed for a particular purpose or result
- ROI (return on investment)
- the yearly or monthly profit on an activity when compared to the invested capital
- rigorous
- detailed and careful
- salary
- a fixed amount of money agreed every year as pay for an employee
- state
- to say or write something officially
- statutory
- decided, controlled or required by law
- tax code
- a set of numbers and letters used to show the amount of income tax that an individual should pay
- tied to
- closely connected with, or reliant on
- wages
- an amount of money that is paid every week to an employee for their work for each hour worked
- work out
- calculate, find the answer to
US
UK
US
UK
As well as regular reports the CFO often demands ad hoc reports when the need arises.
US
UK
US
UK
John didn’t provide his bank details in time for the transfer to be made, so he was paid by check instead.
US
UK
US
UK
Commission is a common incentive in the sales sector as it encourages employees to sell more.
US
UK
US
UK
Large multinational companies can usually offer better compensation packages than small companies.
US
UK
US
UK
The company is trying to curb spending, so all salaries have been frozen.
US
UK
US
UK
The cutoff date for registration is the 30th of September, so make sure you apply before
then.
US
UK
US
UK
The company's package of fringe benefits includes: company car, pension plan and private health insurance.
US
UK
US
UK
After garnishment for alimony and child support, he was left with just enough to pay his rent.
US
UK
US
UK
Approval must be given for all overtime worked.
US
UK
US
UK
Remember to keep all receipts for fuel purchased with your own money for reimbursement at the end of the month.
US
UK
US
UK
A masters degree is requisite to apply for the job.
US
UK
US
UK
Most companies require a 20% yearly return on investment for the investment to be considered.
US
UK
US
UK
I want a rigorous financial analysis of the budget.
US
UK
US
UK
His basic monthly salary is $1700 but this is subject to bonuses.
US
UK
US
UK
The regulations state that all employees must hold a valid driving license.
US
UK
US
UK
All companies are obliged to pay statutory sick pay, but many pay above this.
US
UK
US
UK
The higher the numbers in your tax code, the more tax-free income you have.
US
UK
US
UK
The bonus system is tied to company profits, so if we have a bad year there won’t be any bonuses.
US
UK
US
UK
Most countries have minimum wages but there are still companies paying less than that.
US
UK
US
UK
One of the advantages of the computerized system is that it works out the tax due automatically.