Pay check
An official form issued by a company which can be cashed at designated
financial institutions.
Pay stub
Basically a receipt for record-keeping. Identifies all of the items and
amounts used in calculating the final amount of the pay check.
Pay period
The time covered between pay checks. Can be daily (rare), weekly,monthly, bi-weekly (every 2 weeks), or bi-monthly (twice a month, usually in the middle and end of the month).
Pay rate
An agreed amount that the company pays per unit of time worked or unit of
work done.
Gross
The base employee income for a specified period, based on pay rate. Can be:
Salary (a fixed amount, daily/weekly/monthly, which is adjusted
based on number of days worked/not worked)
Wage (an hourly rate adjusted for the number of hours worked)
Piece (a certain amount for each unit of work done)
The gross income can also be adjusted for items such as commissions and bonuses.
Commissions
Money earned on a regular basis based on previous sales made.
Bonuses
Money paid by the company for various reasons, such as meeting objectives, productivity incentives, special events (e.g. Xmas), etc.
Deductions
Deductions are amounts retained by the company from your gross amount.
They are also commonly referred to as deductions at source. Some of the
more common deductions are:
Income tax (federal, state(U.S.) or provincial(Canada), municipal in
some locations)
Pension (employee contributions for retirement. A common plan in
the United States is the 401K plan).
Medical (to pay for medical insurance. This is more common in
America. In Canada, every citizen is already covered by a
global plan called Medicare, so the company plan most
commonly found there is for dental care, which isn’t
covered by Medicare)
Charity (donations made to a charity of the employee’s choice)
Net
The amount left after all deductions have been made from the gross income.
This is what you finally get to put in your pocket!
Raise
Adjustment of pay rate, usually based on performance, cost of living, or promotion.
Direct deposit
Electronic transfer of your net amount to a bank.
中：
工资支票
公司签发的、能够在指定金融机构兑现的支票
工资存根
存档的收据。用来核算签发的支票金额和应付的相关项目金额。
工资周期
两次发工资间隔的时间。可以是每天（极少），每周，每月，双周，半月（每月两次，通常在月中和月末，bi-monthly本意是双月的意思，而实际上是指一月两次，人们将错就错）。
工资标准
