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Pay and Salary Vocabulary Quiz
Do the quizzes below about pay and salary vocabulary and click the button to check your answers.
Before doing this “Pay and Salary Vocabulary Quiz”, you may want to read the vocabulary lesson on salary vocabulary or review the target vocabulary below.
Salary Vocabulary Quizzes
Do the following salary vocabulary quizzes and click the button to check your answers:
1. Pay and Salary Vocabulary Multiple Choice Questions
2. Pay and Salary Vocabulary Gap-Fill Exercise:
Pay and Salary Vocabulary Review
- Allowance – Extra money provided for specific expenses, like transportation or meals.
- Back Pay – Payment owed to an employee for previously unpaid work.
- Basic Salary – The standard salary agreed upon before any bonuses or additional allowances.
- Bonus – Additional payment given as a reward, often for outstanding performance or achievements.
- Commission – Earnings based on a percentage of sales made, common in sales roles.
- Cost of Living Allowance – An adjustment to salary based on the cost-of-living index, often to help with inflation.
- Deferred Compensation – Income earned now but paid out later, often in retirement.
- Deductions – Amounts subtracted from gross pay for taxes, insurance, etc.
- Disability Pension – A payment provided to an individual who cannot work due to a disability.
- Fringe Benefits – Non-monetary perks, such as health insurance or gym membership.
- Gross Pay – Total earnings before any deductions.
- Hazard Pay – Additional pay for working under dangerous conditions.
- Holiday Pay – Compensation for working on a public holiday, often at a special rate.
- Incentive Pay – Extra payment given to motivate high performance or meeting targets.
- Net Pay – Take-home pay after all deductions are made from gross pay.
- Overtime Rate – Higher pay rate for hours worked beyond standard work hours.
- Pay Cut – A reduction in salary or wages, often due to budget adjustments.
- Pay Rate – The amount of money an employee earns per unit of time, such as hourly or daily.
- Pay Rise – An increase in an employee’s salary or hourly wage.
- Pension – A fixed payment made regularly to a person following retirement.
- Performance-Related Pay – Payment based on an employee’s performance, often linked to achieving certain goals or targets.
- Retirement Benefits – Income or benefits received after retiring, such as a pension.
- Salary – Regular, fixed payment specified in an employment contract, typically monthly or annually.
- Severance Pay – Compensation provided to an employee when they are laid off or leave a company.
- Sick Pay – Payment received by employees while they are unable to work due to illness.
- Wage – Payment received based on units of time, typically hourly or daily.
You may also be interested in the difference between salary and hourly pay