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Vocabulary Mrs. Kilgore By: Abigail

Vocabulary Mrs. Kilgore By: Abigail. Franchise. the right or license granted by a company to an individual or group to market its products or services in a specific territory. franchisor. a person or company that grants a franchise . . franchisee.

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Vocabulary Mrs. Kilgore By: Abigail

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  1. VocabularyMrs. KilgoreBy: Abigail

  2. Franchise • the right or license granted by a company to an individual or group to market its products or services in a specific territory.

  3. franchisor • apersonorcompanythatgrantsafranchise.

  4. franchisee • apersonorcompanytowhomafranchiseisgranted.

  5. Apprenticeship • History/Historical . a personlegally bound through indenture to amaster craftsman in order to learn a trade.

  6. job sharing • tosharetheresponsibility and duties of a single full-time job with one or moreotheremployees.

  7. W-4 form • A W-4 is a form that individuals complete for withholding purposes, whereas a W-2 form is for employers to fill out.

  8. net pay • The pay actually received by an employee after adding bonuses and deducting taxes, health care premiums, and retirement savings plans.

  9. deductions • aprocess of reasoning in which a conclusion follows necessarily from the premises presented, so that the conclusion cannot be false if the premisesaretrue.

  10. tax allowances • The more allowances you wish to claim, the less income tax will be withheld from your paycheck.

  11. exemptions • thecircumstances of a taxpayer, as age or number of dependents,thatallowhimor her to make certain deductions from taxableincome.

  12. gross pay • The remaining amount of an employee's gross pay after deductions, such as taxes and retirement contributions, are made.

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