Personal Finance Unit 3-4

an occupation to which you have made a long-term commitment

• Life

• Career

• Job

• Human Capital

skills acquired through a process of self investment

• Life

• Career

• Job

• Human Capital

A position in which a person works to earn an income

• Life

• Career

• Job

• Human Capital

an arrangement in which a person's pay is electronically transferred directly into the recipient's bank account

• Paycheck

• Payroll Card

• Paycheck Stub

• Direct deposit

Federal Insurance Contribution Act; Social Security taxes to provide retirement income and disability benefits

• Form I-9

• FICA

• Form W2

• Medicare Tax

employment eligibility verification; documentation must be provided to verify that the person is eligible to work in the United States

• Form I-9

• FICA

• Form W-2

• Form W-9

wage and tax statement; states the amount of money earned and taxes paid through the previous year

• Form I-9

• FICA

• Form W-2

• Form W-4

withholding allowance certificate; determines the percentage to be withheld for taxes

• Form I-9

• Form W-4

• FICA

• Form W-2

the total amount of money a person earns

• Gross Pay

• Net Pay

• Pay Period

• Paycheck

Nation's health care program for the elderly and the disabled

• Social Security Tax

• Medicaid Tax

• Withholding Tax

• Medicare Tax