Work Work Work Work Work
What is a salary
Payment for work, usually calculated in periods of a week or longer
When choosing a career, find something that you are _______ at and you _______ to do.
good at and love to do
Do studies show that you are likely to make more or less money over your lifetime with a college degree?
YES
A type of investment where:
-you lend money to a government or company for a set period of time
-you gain interest on that money loaned to them.
__ __ __ __
BOND
Identity theft is:
The illegal use of someone’s personal information to purchase items or receive benefits
Wage
What is profit?
when your income is greater than your expenses.
When it comes to selecting the right career, it is important to consider these three things: your S_________, your I___________ and what you L__________ to do.
your strengths, your interests, what you love to do,
Investing for the long-term means more than _____ years.
5
Fraud is
When you intentionally use someone’s credit cards or other information to buy stuff for yourself - wrongful or criminal deception for financial gain
What you call the TOTAL amount an employee is paid, including any benefits the employee receives
C_______________
Compensation
SPELL THE WORD thats definition is:
"a person organizes and runs a business—and assumes the risks associated with the business"
E N T R E P R E N E U R
Non-wage compensation provided by your employer is called your:
employee benefits
This represents small pieces of ownership in a company and is THE MOST RISKY type of investment
Stocks
Some ways to protect yourself from fraud or identity theft are: (list at least 5)
be aware of other people looking over your shoulder
dont carry your social security card in your wallet
use strong passwords, change them often
be careful what you post on social media (dont post that you will be gone etc)
dont post exact date and place of your birth
dont share passwords or pins with others
dont open emails if you dont know who sent them
shred or destroy mail with personal info
dont use the same password for all of your account
Name three different types of Income
E____________
P____________
P____________
Earned Income, Passive Income, Portfolio Income
____% of students will invent something that changes the world in some way.
(has to be within 10% range to be correct)
What is really cool is that of those students, 38 % will invent something that changes the world in some way.
In addition to tuition, what other costs should you plan for when considering what college to attend? (Name at least 4)
Housing/Rent, Utilities, Food, Books,
The money you pay for an insurance policy is called your
PREMIUM
What are some ways in which thieves can access your personal information?
Weak passwords, scam calls that you answer and participate in, scam emails that you respond to and give access to your device with, stealing your pin number from heat signature, stealing your cards
When your employer takes money out of your paycheck for taxes it is called _____________, which comes out of your total T______ ______ pay.
When your employer takes money out of your paycheck for taxes it is called WITHHOLDING, which comes out of your total TAKE HOME pay.
Which are the correct amounts withheld for these taxes on your paycheck:
Social Security (old people retirement income)
Medicare (old people retirement healthcare)
(has to be within 1%)
Social Security - 6.2%
Medicare - 1.45%
What are some examples of things that could be included in an employee compensation package in addition to what you get paid? (name at least 4)
Retirement, Vacation Days, Sick Days, Investment Money (matching you), Medical Coverage, Company car,
Related to insurance, what is a deductible and how does it work?
Once you've paid your deductible, your insurance will pay out to cover a percentage of the rest.
1 out of every ______ people has been the victim of fraud or identity theft.
One out of every FOURTEEN people has been the victim of fraud in the form of identity theft