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Glossary Finance

Time card

A time card records the hours an employee works each day, from which total hours and pay are calculated.

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In more detail

Clock-in and clock-out times minus unpaid breaks give daily hours, which are added up and multiplied by the hourly rate. Totals are usually shown both as hours and minutes (7:30) and as decimals (7.5).

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Hours Calculator

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See also

  • Glossary Overtime
    Overtime is time worked beyond the standard hours, usually paid at a higher rate such as time and a half (1.5 times the normal rate).
  • Glossary Net pay
    Net pay, or take-home pay, is what you receive after taxes and deductions are subtracted from your gross pay.
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