Key Terms
A short-term work experience, often for students or recent graduates
Internship
This type of financial aid does not have to be repaid
Scholarship
The maximum composite score that can be earned on the ACT
36
Form used by employees to report their income and taxes withheld to the IRS
W-2 Form
The amount of money you ear before taxes and deductions are taken out
Gross income
Quantifies the profitability of an investment, helping investors and businesses assess the value of their investments
Rate of Investment
This federal form is required to apply for financial aid
FAFSA
This skill is needed in all sections and often timed under pressure
Time Management
Form used by self-employed individuals to report income earned and any deductions
1099 Form
The amount of money you take home after taxes and deductions have been taken out
Net income
A summary of qualifications, education, and work experience
Resume
This is the degree that most students earn after 4 years of college
Bachelors Degree
This is a type of personalized plan you might create based on your weakest subject
Study plan
Form filled out by employees to indicate their tax withholding preferences to their employer
W-4 Form
Salary