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Earing Income

Earning Income

TermDefinition
Associate Degree an undergraduate academic program that typically takes two yeas of full-time study to complete
Bachelors Degree an undergraduate academic credential awarded by colleges and universities upon completing a course of study
Benefits an advantage ,profit, or helpful effect gained from something
Compensation the total cash and non-cash rewards given to an employee for their work, or money paid to make up for a loss, injury, or damage
Doctorate Degree the highest academic or professional qualification a person can earn in a given field of study
FICA A U.S. 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 subracted
Income Tax a percentage of money that governments collects from wages, salaries, and other earnings reported on tools
College major your primary, specialized field of study during your undergraduate education
Masters Degree an advanced academic qualification that you warn after completing a bachelor's degree
Minimum Wage the lowest hourly pay rate that an employer can legally pay an employee
Payroll Deduction amounts subtracted from your total earnings(gross pay)to cover taxes ,benefits ,and other obligations
PTO Paid Time Of
Salary a fixed amount of money employer pays an employee for their work
Wage the money an employee receives form an employer in exchange for their labor
Created by: cxie320
 

 



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