Franchise A form of business organization in which a firm which already has a successful product or service.

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Presentation transcript:

Franchise A form of business organization in which a firm which already has a successful product or service

Franchisor The company that allows an individual (known as the franchisee) to run a location of their business.

franchisee One that is granted a franchise, as to market a company's goods or services in a certain local area.

Apprenticeship One bound by legal agreement to work for another for a specific amount of time in return for instruction in a trade, art, or business.

Job sharing the division of a job between two or more people such that each covers the same job for complementary parts of the day or week

W-4 form A tax form prepared by an employee for an employer indicating the employee's exemptions and Social Security number, and enabling the employer to determine the amount of taxes to be withheld for the employee.

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

deductions An amount that is or may be deducted

tax allowances An amount that is allowed or granted.

exemptions The act or an instance of exempting.

gross pay The total of an employee's regular remuneration including allowances, overtime pay, commissions, and bonuses, and any other amounts, before any deductions are made.

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