Intro to Income
Money received on a regular basis from work or investments
What is Income
This is a detailed plan for how you will spend and save your money over a certain period, like a month.
What is a budget?
This is the number of shops at McCann.
10
The financial action of setting aside a portion of your current income for future use.
What is Saving
Speaks politely to others, recognizes the audience, avoids profanity.
What is good communicator
This is a required amount of money taken out of your paycheck by federal and provincial governments, used to fund public services.
What is Taxes
Money set aside in a separate, easily accessible account to cover 3 to 6 months of living expenses in case of a job loss or medical issue.
What is an Emergency Fund?
This is the platform where you can check your grades.
aspen
This is the general term for all the money you spend on goods and services, such as rent, food, and entertainment.
What is Expenses
Acts with integrity both as a person as well as with their work completion.
What is honesty
This payment structure is a fixed annual amount, regardless of the hours worked, and is often paid in regular installments.
What is a Salary
This rule suggests dividing your monthly income into three percentages: 50% for needs, 30% for wants, and 20% for saving and debt.
What is the 50/30/20 rule
This is what the acronym CTE stands for.
Career & Technical Education
Spending all your paycheck on bills and necessities, with little to no money left for savings or unexpected expenses
What is living paycheck to paycheck
Follows school rules, takes responsibility for their behavior/mistakes
What is accountable
The amount of money the person actually receives after all deductions.
What is Net Pay or Net Income
This budget item covers costs that change depending on your usage, such as groceries, electricity, or gas for your car.
What is a Variable Expense
This is the guidance platform that helps you plan your next steps after McCann.
Naviance
The money needed to cover the basic expenses required to maintain a certain standard of living in a specific place and at a specific time.
What is Cost of Living
Treats members of the school community, and the school itself with civility
What is respect
These are non-wage forms of payment, such as health insurance, paid time off, and retirement contributions, that often add substantial value to an employee's total compensation.
What are benefits
This type of expense, like rent or a gym membership, remains the same amount each month.
What is a Fixed Expense
This is the year that McCann opened its doors.
1962
Wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments and benefits
What is a deduction
On time to school and class, completes work according to timelines.
What is punctual