Match the following sentences.
1. a fixed amount of money periodically paid to a person for work
2. the price paid to acquire, produce, or accomplish something
3. the portion of the wages that the employee actually gets to take home
4. perks provided by your employer
5. something that causes or increases personal satisfaction
6. an amount that is subtracted from your paycheck
7. a person's usual work or business; a way of earning a living
a. costs
b. employee benefit
c. deduction
d. rewards
e. salary
f. net pay
g. occupation

1. (e) Salary

2. (a) Cost

3. (f) Net pay

4. (b) Employee benefits

5. (d) Rewards

6. (c) Deduction

7 . (g) occupation

Explanation:

Salary refers to the consideration paid periodically for the services received from an employee.

Cost refers to the price which is incurred or paid to own, possess, manufacture or attain something.

Net pay refers to the gross pay less tax deductions and provident fund contribution, which the employee actually receives or in hand, take home salary.

Employee benefits refer to staff welfare schemes, the provident fund contribution by the employer, employee health insurance and retirement benefits.

Rewards refer to incentives and commission which are paid in addition to the salary, as a means for employee motivation and to appreciate employee's good performance.

A deduction refers to tax deductions and other contribution deductions which are subtracted from the salary. For e.g the amount deducted for the conveyance provided to employees by the employer.

Occupation refers to an activity or work which generates income and serves as a means of earning a living.

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