Business English Lesson – Advanced Level's archive Payroll policy in the USA 1. pay is what an employee earns before deductions. Net Full Gross Complete 2. pay is what an employee actually receives after deductions. Net Reduced Final Gross 3. An employee who is paid on receives the same pay each pay period no matter how many hours they work. commission salary overtime wage 4. In the USA working over 40 hours per week is considered overtime. For each hour of overtime in the USA you receive your hourly multiplied time 1 1/2. money dollars wage salary 5. The rates for overtime in the USA are generally known as pay-plus-one-half an hour and a half hour plus half time-and-a-half 6. Federal taxes and Social Security are both examples of standard from your paycheck. reduction deductions withdrawals removals 7. In order to cash a check you must it, or in other words sign the back. endorse stamp write balance 8. You record how much each of your employees should be paid in the account. employee pay standard deductions net pay payroll 9. An check is one that you have written and deducted from your checkbook balance but has not yet cleared the bank. intermediate overdue outstanding overdrawn 10. Books are all closed at the end of an accounting period. A more common term for an accounting period is a period. physical fiscal focal foreclosed . Business English Lesson – Advanced Level's archive Payroll policy in the USA 1. pay is what an employee earns before deductions Reduced Final Gross 3. An employee who is paid on receives the same pay each pay period no matter how many hours they work. commission salary overtime wage 4. In the USA working over. overtime. For each hour of overtime in the USA you receive your hourly multiplied time 1 1/2. money dollars wage salary 5. The rates for overtime in the USA are generally known as pay-plus-one-half