Understanding Income and Taxes

Front

Education in the marketplace

Back

How education and market demand for skills influence a person's value in the job market.

Front

Labor market

Back

The supply and demand for labor, where employees provide the supply and employers demand it.

Front

Gross income

Back

Total earnings before any deductions or taxes are taken out.

Front

Net pay

Back

Take-home pay after all deductions and taxes are subtracted.

Front

Taxable income

Back

The part of your income that can be taxed.

Front

Withholdings

Back

Money an employer takes from your paycheck for taxes.

Front

Stocks

Back

Shares of ownership in a company.

Front

Dividends

Back

A portion of a company's earnings paid to shareholders.

Front

Capital gains

Back

Profit from selling an asset like a stock or real estate.

Front

Wages and Salaries

Back

Regular payments from an employer for work.