Updated Vocabulary (Words 1-17)

balance

• the amount of money you have or owe

• a type of financial investment

• the process of managing expenses

• the total income earned in a year

savings account

• a bank account to build up your money

• a type of investment account for stocks

• a loan account for borrowing money

• a checking account for daily transactions

gross wages

• the amount of money earned before any deductions are taken out of a paycheck

• the total amount of money after taxes are deducted

• the amount of money spent on living expenses

• the salary received for overtime work

wage

• money earned usually by the hour

• a type of investment

• a form of government tax

• a legal document for employment

Federal Taxes

• Money taken from gross pay that goes to the federal government (the government of the entire country)

• A fee paid for state services

• A tax on property ownership

• A voluntary contribution to local charities

employer

• the one who gives jobs and pays others wages

• a person who is looking for a job

• a type of business organization

• a government official in charge of labor

income

• the money earned

• a type of investment

• the total expenses

• the amount of debt

net wages

• the total amount earned before any deductions

• the amount of money earned after deductions are made from a paycheck

• the amount of taxes paid on a paycheck

• the amount of money saved from a paycheck

checking account

• an account used mostly to pay for expenses

• a type of savings account with high interest

• an investment account for stocks and bonds

• a loan account for borrowing money

soft skills

• personal skills like being a problem solver, clearly communicating, strong time management

• technical skills related to specific job functions

• hard skills such as coding and data analysis

• physical skills like manual dexterity and strength