Income & Employment
Define salary.
A fixed payment for services or labor, calculated on a yearly basis but paid weekly, bi-weekly, or monthly.
Define deductions.
Money subtracted from gross income, and forwarded to the government, including income tax.
Define budget.
It is a detailed plan to help you manage resources, especially money or time.
Define investment.
A resource, usually money, that is loaned, used, or spent with the intention of making a profit.
Define resume.
A written summary of the information an employer needs to know about you, such as educational background and work history.
Define wages.
Are monies paid to an employee for work done.
Define citizenship.
The rights and responsibilities that come with belonging to a country or a community.
Define credit.
A positive dollar amount on a budget sheet, which often indicates income.
An amount of money that you pay when you borrow money or use credit, or that is paid to you on savings and investments.
Define skill.
The ability to do a particular task that comes from training, practice, or natural aptitude.
Define gross income.
Total personal income before deductions.
Define post-secondary education.
Education that follows high school, such as college, university, or a technical school.
Define debit.
A negative dollar amount on a budget sheet, which often indicates an expenditure.
Define trade.
A type of occupation requiring manual or mechanical skill.
Define transferable skill.
Abilities that can be useful in many different situations (such as math or communication skills).
Define net income.
Personal income after all deductions.
Define pink slip.
An informal name for an official notice of job loss.
Define debt.
Something owed (usually money).
Define Entrepreneur.
Someone who starts and operates businesses, invests time and money in the hope of earning profits.
Define communication skills.
Reading, writing, listening, and speaking are the abilities needed to express yourself and understand others.
Define freelancer.
A self-employed person who sells his or her skills or services one project at a time instead of working at a full-time job.
Define income tax.
A percentage of income which is given over to the government to pay for roads, schools, services, health care, social programs, and more.
Define mortgage.
A loan taken by a person in order to buy a home. The lender holds the deed to the property until the loan is fully paid.
Define labor market.
A general term to describe a region's entire workforce, generally used with information about trends, projections, growth sectors, and skill levels.
Define principles.
Basic truths that form a foundation for thinking about an issue.