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Unit 3 Vocabulary

TermDefinition
Wage a fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.
Soft Skills personal attributes that enable someone to interact effectively and harmoniously with other people.
Net Pay take-home pay or the amount employees earn after all payroll deductions are subtracted from their gross pay.
Return on Investment a measure of the profit earned from an investment relative to the amount of money invested
Work Study Program provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses.
Salary Job an individual who is hired to handle a particular job and is paid a fixed amount of money, regardless of the hours they work per week.
Benefits an advantage or profit gained from something.
FAFSA federal student aid—grants, work-study, and loans
Subsidized Loan loans for undergraduate students with financial need, as determined by your cost of attendance minus expected family contribution and other financial aid
Economic Stability people have the resources essential to a healthy life.
Career Incentives monetary or non-monetary (but still tangible) rewards, like points or gift vouchers, designed to motivate and engage employees.
529 Account a tax-advantaged savings plan designed to encourage saving for future education costs
Unsubsidized Loan loans for both undergraduate and graduate students that are not based on financial need.
Economic Mobility a measure of how. much a person's income changes over time.
Gig Economy a labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.
Disposable Income income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
Grant agree to give or allow (something requested) to.
Debt Ratio a financial ratio that measures the extent of a company's leverage.
Created by: user-1754369
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