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.