8 Careers Unit 4.1

Someone who starts and runs their own business. Maybe they want to apply their hobbies skills and interests into a business opportunity or create a business idea by identifying sources of opportunity.

• Entrepreneur

• Doer

• Asset

• Consumer Profile

Money received, usually from working.

• Take Home Pay (Net)

• Income

• Asset

• Startup Capital

The amount you pay in any given month could be different from previous payments or ones you’ll make in the future.

• Loan

• Debt

• Fixed Expense

• Variable Expense

The money you invest in your business in the form of marketing, supplies, legal services, etc.

• Taxes

• Variable Expenses

• Startup Capital

• Fixed Expenses

A spending plan for spending and saving.

• Balanced Budget

• Budget

• SWOT Analysis

• Economics

A tax that pays for retirement benefits.

• State Tax

• Federal Tax

• Social Security Tax

• Medicare Tax

Taxes collected by individual local governments to pay their specific local bills.

• Medicare Tax

• Federal Tax

• State Tax

• Social Security Tax

Federal health insurance for people over age 65.

• Medicare Tax

• Social Security Tax

• State Tax

• Federal Tax

A tax that you pay to the national government, rather than to a state government.

• State Tax

• Medicare Tax

• Federal Tax

• Social Security Tax

The amount remaining after all withholdings are taken out.

• Salary

• Take Home Pay (Net)

• Debt

• Income