11 Ways Of Expressing Salary, Do You Know?

Do you know the 11 ways of expressing salary? It is very helpful for us to know more about workplace English.

1. Pay check: paycheck.

A cheque issued by a company that can be cashed at a designated financial institution.

2. Pay stub: salary stub.

Archived receipts.

It is used to calculate the amount of check and the amount of related items payable.

3. Pay period: pay cycle.

The time of the two payroll interval.

It can be daily (very few), weekly, monthly, Bi weekly and half month.

4. Pay rate: wage standard.

The company pays wages according to the agreed standard of payment between the two parties.

5. Gross: total.

According to certain wage standards, employees' basic income in a certain period can be:

Salary: salary (daily / weekly / monthly fixed amount adjusted according to working days).

Wage: hourly wage (adjusted hourly wage based on working hours)

Piece: piece rate (the amount paid for each completed work).

The gross salary can also be adjusted according to commission and bonus.

6. Commissions: Commission.

According to past sales performance, regular money is issued.

7. Bonuses: bonus.

Money paid by companies for different reasons, such as completing tasks, motivating employees to increase productivity, special holidays such as Christmas, etc.

8. Deductions: deduction.

Deductions are part of the company's total salary.

It is usually called deducting from the source (deducting directly from wages).

Some common deductions include:

Income tax: personal income tax Pension: pension Medical: medical insurance

9. Net: net wages.

The amount remaining after deducting all items from total wages.

This is the money you can finally put in your wallet.

10. Raise: raise salary.

The adjustment of wage standards is usually based on performance, cost of living and promotion.

11. Direct deposit: deposit directly into the bank.

Transfer your net wages directly to the bank.