Reactant: a substance which is in a chemical reaction. Product: substance which is produced by the chemical reaction. A chemical change that you are familiar with is rust. In this chemical reaction, oxygen and iron, which are the reactants, combine to form a product called iron oxide(rust).
Term Definition. Draw against commission is a salary plan based completely on an employeeâs earned commissions. An employee is advanced a set amount of money as a paycheck at the start of a pay period.
A salary raise percentage reflects how much more money an employee will earn after he gets the raise. For example, if he earns $50,000 a year and gets a 10 percent raise, he will get an additional $5,000 a year, so his new salary will be $55,000.or example, if he earns $50,000 a year and gets a 10 percent raise, he will get an additional $5,000 a year, so his new salary will be $55,000.