Informal continuing education

Occurs through social interactions, networking, life's experiences, and reading

An activity through which an individual can earn money

Your habits, attitudes, tastes, moral standards and the amount of goods and services that

Grouping of jobs that perform similar tasks

The level of material comfort as measured by the goods, services, and luxuries you are able to purchase.

Versatile skills that are applied to personal and professional roles

Formal training with no degree

Different forms of training to become a specialist in one area

Some college, no degree

Attend college but do not complete the requirements needed to obtain an official degree

Also referred to as a two‐year degree although the time of completion varies

Also referred to as a four‐year degree although the time of completion varies & the most common form of degree awarded from colleges and universities

Must have a Bachelor's degree to pursue a Master's degree & requires an average of two or more years of college or university study.

Must have at least a Bachelor's degree; also having a Master's degree is a common requirement for those entering into a doctorate study program

Special type of advanced degree required by some occupations such as physicians and attorneys

is a survey that matches your skills, abilities, interests, values, and/or other traits to a list of potential occupations

Spend a day on the job with people in the occupation.

The average cost of basic necessities, such as housing and food

Products or services provided by an employer that provide extra value beyond wages

Insurance: Employers commonly offer health, life and/or disability insurance. Employer‐provided insurance is usually less expensive than insurance purchased privately.

Employers commonly offer health, life and/or disability insurance. Employer‐provided insurance is usually less expensive than insurance purchased privately.

Retirement contributions/ options

There are many types of employer‐sponsored retirement plans and the specifics depend on the employer. Some employers will match the funds contributed by the employee thus increasing the amount in the account at no additional cost to the employee.

Flexible spending accounts

A flexible spending account allows an employee to set aside a portion of earnings to pay for qualified expenses such as medical/dental expenses and dependent care. The money placed into flexible spending accounts is not taxed which results in employee savings.

Sick, vacation/personal, and holiday leave

Employers may offer a certain amount of paid or unpaid days for illness, vacation/personal, and holidays.

Child care: An activity through which an individual can earn money, Employers may offer flexible work schedules, such as working from home or working a modified work week, you consume, Employers may offer child care for employees.

Employers may offer child care for employees.

Employers may offer flexible work schedules, such as working from home or working a modified work week.

Parking and/or transportation

Employers may offer special parking or transportation options to and from the workplace.

Employers may pay for all or part of the fees for classes, workshops and other forms of formal training thus investing in an employee's human capital.

Wellness Options: A person who relies on the taxpayer for financial support, Must have a Bachelor's degree to pursue a Master's degree & requires an average of two or more years of college or university study, Taxes paid to federal, state and local governments on the amount of money earned, Benefits such as discounted gym memberships and free health screenings

Benefits such as discounted gym memberships and free health screenings

A person who relies on the taxpayer for financial support.

Wages are deposited directly into a depository institution account

Employer contributions

The amount the employer has contributed to various employee benefits

Agreement between an employer and employee

Form W‐4 (Employee's Withholding Allowance Certificate)

The form that determines the percentage of an employee's pay that will be withheld for federal taxes.

Amount of money earned before payroll taxes

Taxes paid to federal, state and local governments on the amount of money earned

A federal program whose main purpose is to help pay for health care for those over 65

Amount of money left once all deductions have been taken from gross income

A check written to a worker in the amount of money earned

A reloadable debit card onto which a worker's pay is loaded

Taxes withheld or paid on your behalf by your employer

The regular schedule by which employers pay employees.

Outlines the deductions made to wages

Fixed amount of money or compensation paid to an employee by an employer in return for work performed.

A federal government program that funds retirement accounts, financially supports citizens who have experienced profound disability, the premature death of a parent (if under the age of 18), or the premature death of a spouse in a family with children.

ConEd. Unit 3-Earning Flashcards

Student preview

62 questions

Show all answers

1.

FLASHCARD QUESTION

Front

Career

Back

A lifetime journey of building and applying skills, knowledge, and experiences in paid

2.

FLASHCARD QUESTION

Front

employment positions

Back

The roles or jobs available for individuals in a workplace.

3.

FLASHCARD QUESTION

Front

Career cluster

Back

Grouping of occupations and industries based on the knowledge and skills required

4.

FLASHCARD QUESTION

Front

Formal continuing

Back

A fee that a salesperson receives upon completion of a sale

5.

FLASHCARD QUESTION

Front

education

Back

Training for a specific set of new skills provided by experts in a particular field

6.

FLASHCARD QUESTION

Front

Human capital

Back

The skills, knowledge, and experiences possessed by an individual

7.

FLASHCARD QUESTION

Front

Industry

Back

Group of establishments (businesses) that produce similar products or provide similar services

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