Education & Career Planning
Education or training after high school is called __________________________ education
What is post-secondary school?
ROI stands for Return on __________________________.
What is investment?
The amount an employee earns before taxes and other deductions is called __________________________ pay.
What is gross pay?
Federal income tax is collected by the __________________________ government.
What is the Federal Government?
A two-year degree is commonly called an __________________________ degree.
What is an associate degree?
When education or training requires money today in hopes of producing greater benefits in the future, it can be considered an __________________________.
What is an investment?
The amount an employee actually receives after deductions is called __________________________ pay.
What is net pay?
A tax collected through an employee’s paycheck is called a __________________________ tax.
What is income tax?
A program that prepares students for a specific skilled occupation is often called a __________________________ school or program.
What is a trade school?
The next-best alternative that is given up when making a decision is called the __________________________ cost.
What is an opportunity cost?
A worker who is paid based on each hour worked receives an __________________________ wage.
What is an hourly wage?
Income tax collected by a state is called __________________________ income tax.
What is state income tax?
The amount a college or university advertises as its basic price before financial aid is often called the __________________________ price.
What is the sticker price?
The amount a student actually expects to pay after grants and scholarships is called the __________________________ price.
What is the net price?
A worker who receives a fixed amount of pay over a period of time generally receives a __________________________.
What is a salary?
Social Security and Medicare are examples of federal __________________________ taxes.
What is payroll taxes.
Money that does not normally have to be repaid and is awarded based on financial need is called a __________________________.
What is a grant?
An arrangement in which a person learns a skilled trade while receiving practical training is called an __________________________.
What is an apprenticeship?
Money subtracted from an employee’s paycheck is called a __________________________.
What is a deduction?
Overtime is commonly paid at a rate greater than the employee’s regular __________________________ rate.
What is their hourly rate.