an undergraduate academic qualification that typically takes two years of full-time study to complete

an undergraduate academic credential awarded by colleges and universities upon completing a course of study that typically lasts four years

is any measurable gain, profit, cost reduction, or positive financial impact that an investment, project, or decision produces.

the total cash and non-cash rewards an employer gives an employee for their work, or money paid to make up for a loss, injury, or damage.

the highest academic level of education you can earn in most fields

e Federal Insurance Contributions Act, which is a U.S. federal payroll tax deducted from employee wages to fund Social Security and Medicare.

the total amount of money earned by an individual or a business before any taxes, deductions, or operating expenses are subtracted

a mandatory fee charged by a government on the earnings of individuals and businesses.

your primary field of study and the main subject you focus on while earning an undergraduate degree

an advanced academic qualification awarded by universities after completing graduate-level studies

the money an employee receives from an employer as payment for their labor or services.

the lowest amount of money an employer can legally pay a worker for their labor

the process of calculating and distributing compensation to a company's employees, as well as the list of employees to be paid and the records of that compensation

Paid Time Off, which is an employment benefit providing compensated time away from work

a fixed, regular payment made by an employer to an employee in exchange for work performed,, usually stated as an annual sum and divided into equal periodic payment.

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chapter 1 vocab

Question	Answer
associate degree	an undergraduate academic qualification that typically takes two years of full-time study to complete
bachelors degree	an undergraduate academic credential awarded by colleges and universities upon completing a course of study that typically lasts four years
benefits	is any measurable gain, profit, cost reduction, or positive financial impact that an investment, project, or decision produces.
compensation	the total cash and non-cash rewards an employer gives an employee for their work, or money paid to make up for a loss, injury, or damage.
doctorate degree	the highest academic level of education you can earn in most fields
FICA	e Federal Insurance Contributions Act, which is a U.S. federal payroll tax deducted from employee wages to fund Social Security and Medicare.
Gross income	the total amount of money earned by an individual or a business before any taxes, deductions, or operating expenses are subtracted
income tax	a mandatory fee charged by a government on the earnings of individuals and businesses.
college Major	your primary field of study and the main subject you focus on while earning an undergraduate degree
Masters degree	an advanced academic qualification awarded by universities after completing graduate-level studies
wage	the money an employee receives from an employer as payment for their labor or services.
minimum wage	the lowest amount of money an employer can legally pay a worker for their labor
payroll deduction	the process of calculating and distributing compensation to a company's employees, as well as the list of employees to be paid and the records of that compensation
PTO	Paid Time Off, which is an employment benefit providing compensated time away from work
salary	a fixed, regular payment made by an employer to an employee in exchange for work performed,, usually stated as an annual sum and divided into equal periodic payment.

Created by: mbrisley32

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