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earning income
| Term | Definition |
|---|---|
| associate degree | two-year undergraduate college degree that requires completing about 60 credit hours. |
| bachelors degree | an undergraduate academic credential awarded by colleges and universities upon completing a course of study that typically lasts four years |
| benefits | an advantage, profit, or helpful effect gained from something |
| compensation | the total amount of money, benefits, and rewards given to an employee for their work, or money paid to someone to make up for a loss, injury, or damage. |
| doctorate degree | the highest academic level you can reach in most fields |
| VICA | VICA most commonly refers to the Valley Industry & Commerce Association, a prominent business advocacy organization in Southern California's San Fernando Valley |
| gross income | the total amount of money earned from all sources before any taxes or deductions are taken out. |
| payroll deduction | the specific amounts withheld from an employee's gross pay to cover taxes, benefits, and other legal obligations |
| minimum wage | $7.25 per hour, |
| masters degree | an advanced postgraduate academic qualification that demonstrates high-level mastery and specialized knowledge in a specific field of study or professional practice. |
| collage major | your primary field of study that shapes your specialized classes, skill development, and career preparation |
| income tax | Income tax is a mandatory government charge on individual and business earnings used to fund public services and infrastructure. |
| PTO | most commonly stands for paid time off, which is a policy or benefit that gives workers compensated time away from their jobs |
| salary | a fixed, periodic amount of compensation paid by an employer to an employee for services rendered, distinct from hourly wages. |
| wage | financial compensation paid by an employer to an employee for labor or services |