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In the late 1980s,in foreign affairs,President George H.W.Bush
Hourly Wage Rate
The financial compensation given per hour of labor.
Time and a Half
A pay rate that is 1.5 times the employee's regular hourly rate, usually paid for overtime work beyond the standard workweek hours.
Salaries Payable
An account that records the amounts owed to employees for work performed that has not yet been paid.
Social Security Tax
A tax that both employers and employees pay to fund the Social Security program, which provides benefits for retirees, disabled workers, and survivors.
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