Education & Careers
A long-term occupation with opportunities for advancement.
What is a career?
Income earned from performing a service such as wages or salaries.
What is active income?
Money earned before taxes and deductions are taken out.
What is gross pay?
A tax placed on wages and earnings.
What is income tax?
Extra compensation provided by employers besides wages.
What are employee benefits?
A paid position of regular employment.
What is a job?
Income earned from investments like dividends or interest.
What is portfolio income?
Money you actually take home after taxes and deductions.
A tax added to goods and services when purchased.
What is sales tax?
A retirement savings plan often offered by employers.
What is a 401(K) ?
The people engaged in or available for work.
What is the workforce?
Income earned from a business or investment where you are not actively involved.
What is passive income?
Money withheld from a paycheck for taxes, insurance, or retirement.
What are payroll deductions?
A tax paid on property owned such as houses or land.
What is property tax?
Insurance that helps pay for medical expenses.
What is health insurance?
The ability of a person or family to improve their economic status.
What is economic mobility?
Income left after taxes have been paid.
What is disposable income?
Payment typically based on an hourly rate.
What is a wage?
A tax on profits from selling investments?
What is capital gains tax?
Time off from work that employees are still paid for.
What is paid vacation?
The standard of health, comfort, and happiness experienced by a person.
What is quality of life?
Income left after necessities are paid and can be used for entertainment or luxury items.
What is discretionary income?
Payment usually expressed as a yearly amount but paid monthly or biweekly.
What is a salary?
Taxes on specific goods like gasoline, alcohol, or tobacco.
What are excise taxes?
The total value of salary plus benefits from a job.
What is total compensation?