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

is an undergraduate academic degree awarded by a college or university after completing a course of study that typically lasts four years.

an advantage, profit, or helpful effect gained from something.

the total amount of money, goods, or benefits given to a person in exchange for work, services, or as a way to make up for a loss or injury.

the highest level of academic degree you can earn in most fields.

FICA stands for the Federal Insurance Contributions Act, which is a U.S. federal payroll tax deducted from employee paychecks to fund Social Security and Medicare.

the total amount of money earned from all sources before taxes and any other deductions are removed.

Income tax is a percentage of your earnings that you pay to the government. Governments use this money to pay for public services and community programs.

your primary and most focused area of study during an undergraduate degree program.

an advanced, postgraduate academic degree that you earn after completing a bachelor's degree

the lowest legal hourly pay or compensation that an employer can pay an employee for their work.

amounts subtracted from your total earnings (gross pay) to cover taxes, benefits, and other obligations before you receive your take-home pay (net pay).

Paid Time Off, an employer benefit that gives workers paid leave from their jobs.

a fixed amount of money paid by an employer to an employee on a regular schedule, usually expressed as an annual sum.

payments made by an employer to an employee in exchange for work or services

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earning income

Term	Definition
Associate degree	an undergraduate academic qualification that usually takes two years of full-time study to complete.
Bachelor's Degree	is an undergraduate academic degree awarded by a college or university after 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, goods, or benefits given to a person in exchange for work, services, or as a way to make up for a loss or injury.
Doctorate Degree	the highest level of academic degree you can earn in most fields.
FICA	FICA stands for the Federal Insurance Contributions Act, which is a 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 taxes and any other deductions are removed.
Income Tax	Income tax is a percentage of your earnings that you pay to the government. Governments use this money to pay for public services and community programs.
College Major	your primary and most focused area of study during an undergraduate degree program.
Master's Degree	an advanced, postgraduate academic degree that you earn after completing a bachelor's degree
Minimum Wage	the lowest legal hourly pay or compensation that an employer can pay an employee for their work.
Payroll Deduction	amounts subtracted from your total earnings (gross pay) to cover taxes, benefits, and other obligations before you receive your take-home pay (net pay).
PTO	Paid Time Off, an employer benefit that gives workers paid leave from their jobs.
Salary	a fixed amount of money paid by an employer to an employee on a regular schedule, usually expressed as an annual sum.
Wage	payments made by an employer to an employee in exchange for work or services

Created by: abrennan320

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