Vocabulary Mrs. Kilgore By: Abigail

VocabularyMrs. Kilgore

By: Abigail

Franchisethe right or license granted by a company to

an individual or group to market its products or services in a specific territory.

franchisora person or company that grants a franchise.

franchiseea person or company to whom a franchise is

granted.

ApprenticeshipHistory/Historical . a person legally bound

through indenture to a master craftsman in order to learn a trade.

job sharingto share the responsibility and duties of a

single full-time job with one or more other employees.

W-4 formA W-4 is a form that individuals complete for

withholding purposes, whereas a W-2 form is for employers to fill out.

net payThe pay actually received by an employee

after adding bonuses and deducting taxes, health care premiums, and retirement savings plans.

deductionsa process of reasoning in which a conclusion

follows necessarily from the premises presented, so that the conclusion cannot be false if the premises are true.

tax allowancesThe more allowances you wish to claim, the

less income tax will be withheld from your paycheck.

exemptionsthe circumstances of a taxpayer, as age or

number of dependents, that allow him or her to make certain deductions from taxable income.

gross payThe remaining amount of an employee's

gross pay after deductions, such as taxes and retirement contributions, are made.