Skills
"Hard Skills" refer to...
What are specific, learnable skills?
Getting a college degree can ________ your potential salary.
What is increase?
This form is completed by the employee and tells an employer how much money to withhold from their paycheck
What is a W-4?
"Married filing jointly" is an example of this
Filing Status
This is the formula for net income.
What is gross income minus deductions?
Communication is an example of this kind of skill
What is a soft skill?
What is a pension plan?
With this retirement account, you are taxed now but do not pay for withdrawing funds later.
What is a Roth IRA?
A person must have one of these under their care for at least half of the year to qualify for head of household
What is a dependent?
This is what you give up when you make a decision
What is Opportunity Cost?
"Soft Skills" are...
What are positive social or behavior traits that help you do well at work?
An Entrepreneur is...
What is someone who attempts to make a profit by starting or running a business?
This form must be completed by an employer to the IRS and their employees by January 31st and details payments and tax deductions.
What is a W-2 form?
A standard deduction does this to the amount of your income that is taxed.
What is reduces it?
This is the amount of money you receive in your paycheck before deductions are taken out.
What is Gross Income?
Jolie speaks both Spanish and English. She has what kind of skill?
What is a hard skill?
What are fringe benefits?
Filing annual income tax returns.
A dependent who is not a full-time student must be under the age of...
An employee is paid this in return for selling something.
What is a Commission?
Marcia is a critical thinker. What kind of skill does she have?
What is a soft skill?
Why is a salary is paid by year?
With this account, you pay taxes later but are charged for withdrawing funds.
What is a Traditional IRA?
This is made up of contributions to Social Security and Medicare. Typically, it is 7.655% of your income.
What is FICA?
These are big-picture objectives for how you will save and spend money. They can be short- or long-term.
What are Financial Goals?