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budgeting and money

budgeting and money management

TermDefinition
Associate degree n undergraduate academic qualification that typically takes two years of full-time study and 60 credit hours to complete
bachelors degree an undergraduate academic credential awarded by a college or university after completing a multi-year course of study
benefits a helpful or good effect, an advantage, or a profit gained from something
compensations the total amount of cash, benefits, and rewards given to an employee or contractor in exchange for their work
doctorate degree the highest academic degree awarded by a university or college
FICA FEDERAL INSURACE contributions
gross income the total amount of money earned by an individual or a business before any taxes, deductions, or expenses are subtracted
income tax mandatory fee that governments charge on the money earned by individuals and businesses.
college major your primary, specialized field of study during your undergraduate education
masters degree an advanced academic qualification that you earn after completing a bachelor's degree
Minimum wage the lowest legal hourly, weekly, or monthly remuneration that employers can pay employees for work performed
payroll deduction the amounts subtracted from your total earnings (gross pay) to cover taxes, benefits, and other costs before you receive your take-home pay (net pay
PTO PAID time off
SALARY a fixed amount of money paid by an employer to an employee on a regular schedule, regardless of how many hours they wor
wage payments of money given workers for their labor or services
Created by: Cwilliams320
 

 



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