CAREER & EDUCATION
What is the money a person receives for working a job called?
What is income?
What is the total amount of money earned before deductions?
What is gross pay?
What is money collected by the government to pay for public services?
What are taxes?
What skill involves arriving at work on time and being dependable?
What is reliability/punctuality?
What type of income is earned by working a job and receiving wages or a salary?
What is earned income?
True or False: Education and training can affect a person's earning potential.
True
What is the amount of money an employee actually receives after deductions?
What is net pay?
Name one type of tax that may be deducted from a paycheck.
What is federal income tax, state income tax, Social Security tax, or Medicare tax?
Name one example of a soft skill employers often value.
What are communication, teamwork, problem-solving, adaptability, or time management?
What is money an employee receives based on the number of hours worked?
What are hourly wages?
Name one type of education or training that can prepare someone for a career besides a four-year college degree.
What are trade school, certification programs, apprenticeships, or community college?
Sarah earns $15 per hour and works 20 hours. What is her gross pay?
$300
True or False: The amount of taxes withheld from a paycheck is always the exact amount a person will ultimately owe in taxes.
False
Why is communication important in the workplace?
It helps employees share information, understand expectations, solve problems, and work with others.
What type of income is based partly or entirely on the amount of sales a person makes?
What is commission?
Why might someone choose a career that pays less than another career?
They may prefer the work environment, schedule, location, benefits, interests, or work-life balance.
Marcus earns $18 per hour and works 40 hours. What is his weekly gross pay?
$720
Why are taxes taken out of many employees' paychecks before they receive their money?
To withhold money toward taxes the employee may owe.
An employee notices a problem and finds a solution without being told exactly what to do. What skill are they demonstrating?
What is initiative/problem-solving?
A restaurant server receives money directly from customers in addition to their wages. What is this income called?
What are tips?
A person spends two years earning a certification that qualifies them for a higher-paying career. What concept does this demonstrate?
What is investing in education/training to increase earning potential?
An employee earns $800 gross pay but takes home $650. How much was deducted?
$150
If an employee earns $1,000 gross pay and has $180 withheld for taxes and other deductions, what is their net pay?
$820
An employer has two equally qualified applicants. One has excellent attendance and consistently works well with others. Why might this applicant have an advantage?
They demonstrate important workplace behaviors and soft skills.
Why can relying on commission, tips, or freelance work sometimes make budgeting more difficult?
Because the amount of income can change from week to week or month to month.