Chapter F9: Vocabulary

Employee

Employment classification in which the employer withholds certain taxes and has a high level of control

Salary plus commission

Getting paid both a salary and commission

Independent Contractor

Form of self-employment and tax designation with specific responsibilities for bookkeeping, taxes and so on

Client Base

Customers who are loyal to a particular beauty professional

Salary

Being paid in an hourly rate based on the minimum wage

Commission

Percentage of the revenue generated from services performed by a professional

Suite Rental

Space within a business where hours of operation and all business expenses are the responsibility of the beauty professional

Retailing

Act or recommending and selling products to your clients for home use

Job Description

A document that outlines all the duties and responsibilities of a particular position

Ticket Upgrading (also known as Upselling Service)

The practice of recommending and selling additional services to your clients

Booth Rental (also known as Chair Rental)

A form of self-employment, business ownership, and tax designation by renting a booth, or station in a spa, salon, or barbershop

Defaulting

Not paying back your loan debt