Insurance - A policy that has a monthly fee, but will pay for something in return. (Example: doctor's visits, dentist visits, and car damage), Benefits - Compensation to employees on top of their pay., Negotiate - A way to ask for a better pay or more benefits when accepting a job offer. , Salary Pay - When you are paid a set amount every year. Your paychecks are the same no matter how many hours you work., Hourly Pay - When you are paid by how many hours you work. Most jobs pay biweekly (every two weeks)., Fee - A bill or cost for a service. , Health Insurance - Pays for anything relating to healthcare. Example: doctor appointments, hospital stays, medications, etc., Dental Insurance - Pays for visits to the dentist. , Car Insurance - Pays for repairs to your car. , Taxes - Money taken out of your pay to go towards the government. , Federal Taxes - Money collected by the federal (country) government., State Taxes - Money collected by the state government., School District Taxes - Money collected by the state government that pays for schools. , Bonus - A one-time paycheck that most employees receive at the beginning of the year. ,

Workplace Benefits Flashcards

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