~! PPT.#9 !~ BY:CASSIDY BARNETTE

Franchise An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities.

Franchisor Franchising is the practice of using another firm's successful business model.

Franchisee A franchisee is an individual who purchases the rights to use a company's trademarked name and business model to do business

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

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

W-4 form IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service (IRS).

Net pay Net pay is the remaining amount after deductions from the gross salary, where net means ultimate

Deductions An amount that is or may be deducted from something, esp. from taxable income or tax to be paid.

Tax allowances An amount of income that can be earned tax-free. Tax allowances vary according to a person's circumstances

Exemption The process of freeing or state of being free from an obligation or liability imposed on others.

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