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Earning income

Earning Income

TermDefinition
Associate Degree an undergraduate academic program that typically takes two years of full-time study to complete.
Bachelors Degree rded by a college or university after completing a course of study that typically lasts four years. Western Governors University
Benefits an advantage, profit, or helpful effect gained from something.
Compensation the total amount of money, benefits, and other rewards an employer gives an employee in exchange for their work
Doctorate Degree the highest level of academic or professional degree you can earn in a field of study
FICA stands for the Federal Insurance Contributions Act, which is a mandatory U.S. federal payroll tax deducted from employee paychecks to fund Social Security and Medicare.
Gross Income the total amount of money earned from all sources before any taxes or deductions are subtracted
Income Tax is a mandatory financial charge levied by governments on the earnings and profits of individuals and businesses.
College Major is a student's primary academic field of specialization during an undergraduate degree program.
Masters Degree is an advanced, postgraduate academic qualification earned after completing a bachelor's degree. It shows high-level expertise, specialized knowledge, and critical thinking skills in a
Minimum Wage is the lowest legal hourly, daily, or monthly pay that employers can pay workers for their labor.
Payroll Deduction are amounts withheld from your gross pay to cover taxes, benefits, and other required or optional obligations, leaving you with your net take-home pay
PTO Paid Time Off
Salary is a fixed amount of money paid by an employer to an employee for work done, u
Wage Wages are payments made by an employer to an employee in exchange for work or services
Created by: vgolembieski32
 

 



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