Please study the 20 vocabulary terms below. Then 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 employe
- 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
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As well as regular reports the CFO often demands ad hoc reports when the need arises.
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John didn’t provide his bank details in time for the transfer to be made, so he was paid by check instead.
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Commission is a common incentive in the sales sector as it encourages employees to sell more.
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Large multinational companies can usually offer better compensation packages than small companies.
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The company is trying to curb spending, so all salaries have been frozen.
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The cutoff date for registration is the 30th of September, so make sure you apply before
then.
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The company's package of fringe benefits includes: company car, pension plan and private health insurance.
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After garnishment for alimony and child support, he was left with just enough to pay his rent.
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Approval must be given for all overtime worked.
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Remember to keep all receipts for fuel purchased with your own money for reimbursement at the end of the month.
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A masters degree is requisite to apply for the job.
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Most companies require a 20% yearly return on investment for the investment to be considered.
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I want a rigorous financial analysis of the budget.
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His basic monthly salary is $1700 but this is subject to bonuses.
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The regulations state that all employees must hold a valid driving license.
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All companies are obliged to pay statutory sick pay, but many pay above this.
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The higher the numbers in your tax code, the more tax-free income you have.
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The bonus system is tied to company profits, so if we have a bad year there won’t be any bonuses.
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Most countries have minimum wages but there are still companies paying less than that.
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One of the advantages of the computerized system is that it works out the tax due automatically.