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Unit 3 VOCAB
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| Term | Definition |
|---|---|
| Wage | A regular payment in return for work hours |
| Soft Skills | Interpersonal skills potentially utilizable in jobs and business |
| Net Pay | Amount of pay employees earn after all payroll deductions |
| Return on investment | an estimated approximate measure of an investments profitability / worth in the end |
| Work study program | a federally-funded program in the United States that assists students with the costs of post secondary education |
| Salary Job | Employees of a company with a salary receive a scheduled set amount of money weekly, biweekly or monthly |
| Benefits | tangible outcome from an action or decision that contributes tos reaching business objectives |
| FASFA | college uses your FAFSA data to determine your federal aid eligibility. |
| subsidized loan | loans for undergraduate students with financial need |
| economic stability | Economic stability is having 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 | investment vehicle in the United States designed to encourage saving for the future higher education expenses |
| unsubsidized loan | a product used by investors to gain positive returns |
| Economic mobility | Economic Mobility describes how economic status changes over time |
| Gig economy | activity where people earn income providing on-demand work, services or goods |
| disposable income | the money that is available from an individual's salary after they pay local, state, and federal taxes |
| Grant | A grant is a fund given by a person or organization, or in some cases a business with a corporate social responsibility. |
| Debt ratio | measures the amount of leverage used by a company in terms of total debt to total assets |