PHS EPF Vocab Unit 1 2021

Front

Paid career-training program with on-the-job learning and classroom instruction.

Back

Apprenticeship

Front

A letter sent with a resume to explain qualifications and interest in a job.

Back

Cover Letter

Front

A person relying on taxpayer support.

Back

Dependent

Front

Amount subtracted from gross pay for mandatory taxes

Back

Deductions

Front

Employee's paycheck is electronically processed into their bank account.

Back

Direct Deposit

Front

W-4 allowances affect tax withholding; more exemptions mean less tax withheld.

Back

Exemption/ allowance

Front

Total money earned before deductions.

Back

Gross wages

Front

All money from wages, rental income, bank interest, and investments.

Back

Income

Front

Federal and state tax based on income.

Back

Income Tax

Front

A student or trainee working, often unpaid, to gain experience in a field.

Back

Intern / internship