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Published byAnastasia Bruce Modified over 8 years ago
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~! PPT.#9 !~ BY:CASSIDY BARNETTE
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Franchise An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities.
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Franchisor Franchising is the practice of using another firm's successful business model.
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Franchisee A franchisee is an individual who purchases the rights to use a company's trademarked name and business model to do business
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Apprenticeship the position of apprentice Here is the definition of apprentice; 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
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Job sharing Alternative work schedule in which two employees voluntarily share the responsibilities of one full time job, and receive salary and benefits on pro-rata basis. Job sharing creates regular part time (half days, alternative days, alternative weeks, etc.) where there was one full time position, and thus avoids a total loss of employment in a layoff.workschedule employeesshare responsibilitiesjob receivesalarybenefitspro-ratacreatespart timedaysweeksposition total lossemploymentlayoff
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W-4 form IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS).
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Net pay Net pay is the remaining amount after deductions from the gross salary, where net means ultimate
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Deductions An amount that is or may be deducted from something, esp. from taxable income or tax to be paid.
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Tax allowances An amount of income that can be earned tax-free. Tax allowances vary according to a person's circumstances
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Exemption The process of freeing or state of being free from an obligation or liability imposed on others.
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Gross pay A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrast
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