Vocabulary Definitions
Definition of Gross Pay
What is all of the money you've made while working at your job, figured before any deductions
As interest rates go up borrowing....
What is... goes down?
$500 gross pay with $65 in deductions. Net Pay would be
What is $435?
It happens when your sim's health becomes 0%
What is your sim dies?
Definition of Commission
What is an amount of money, typically a set percentage of the value involved, paid to an agent in a commercial transaction.
The number of people without employment who are willing to work
What is unemployment?
With a salary of $64,000 annually, a biweekly gross payment would be...
What is $2,461.54?
Where you find your work history.
What is Resume?
Definition of Synthesis (Decision Strategy)
What is looking at all options and choose the best possible one.
When prices increase, but income remains the same or drops.
What is inflation?
What is $1,152.54
Importance of exercise and relaxation. High, Medium, Low
What is High?
Difference between a career and a job.
What is a career is a chosen pursuit, profession, or occupation. Job is a regular activity performed in exchange for payment.
Total value of goods and services produced within the country.
What is Gross Domestic Product?
With $1,250 monthly net pay. You work for 4 years. What is the total amount of money you will make over the 4 years?
What is $60,000?
Definition of Opportunity Cost
What is what a person gives up when a decision is made.
The Time Value of Money Equation
What is Principle x Rate x Time (In Years)?
1,000 biweekly net pay. You work for 3 years. After 3 years you put the money into a savings account for 5 years with an interest rate of 2%. The total amount of money you will have after the 8 years.
What is $85,800?