two-year undergraduate college degree that requires completing about 60 credit hours

an undergraduate academic credential awarded by colleges and universities after completing a course of study that typically lasts four years

a helpful or good effect, an advantage, or an extra payment and service provided by an employer or the government

the total cash and non-cash payments given to a person in exchange for work, or money paid to make up for a loss, injury, or wrong

the highest level of academic 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

the total amount of money earned before taxes and other deductions are subtracted

An income tax is a tax that a government charges on the money, profits, or financial gains earned by individuals and businesses

your primary field of study and the main academic focus of your bachelor’s degree

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

the lowest hourly pay that an employer can legally pay an employee

an amount an employer withholds from an employee's gross pay to cover taxes, benefits, or other legal obligations before issuing the final take-home (net) pay

paid time off, an employer benefit that provides regular pay while an employee is away from work

a fixed amount of money paid by an employer to an employee for work done

the financial compensation paid by an employer to an employee in exchange for work or services rendered

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vocab

word	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 after completing a course of study that typically lasts four years
Benefits	a helpful or good effect, an advantage, or an extra payment and service provided by an employer or the government
Compensation	the total cash and non-cash payments given to a person in exchange for work, or money paid to make up for a loss, injury, or wrong
Doctorate Degree	the highest level of academic degree you can earn in a field of study
FICA	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 before taxes and other deductions are subtracted
Income Tax	An income tax is a tax that a government charges on the money, profits, or financial gains earned by individuals and businesses
College Major	your primary field of study and the main academic focus of your bachelor’s degree
Masters Degree	an advanced, postgraduate academic qualification that you earn after completing a bachelor's degree
Minimum Wage	the lowest hourly pay that an employer can legally pay an employee
Payroll Deduction	an amount an employer withholds from an employee's gross pay to cover taxes, benefits, or other legal obligations before issuing the final take-home (net) pay
PTO	paid time off, an employer benefit that provides regular pay while an employee is away from work
Salary	a fixed amount of money paid by an employer to an employee for work done
Wage	the financial compensation paid by an employer to an employee in exchange for work or services rendered

Created by: Btaggart32

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