Business Math 2Q

Week #1

Salary

• A fixed payment given to employees by their employer

Wage

• The money given to individual based on their hour rate.

Income

• The money that an individual/business/services receives and gains.

Benefits

• These are compensations that are nonprofit that an employee receives from their employer

• Ex: Health insurance, life plan, medical plan, etc.

Piece work

• The amount of work you do is the amount