WorksheetsEarning
Total questions: 34
Worksheet time: 17mins
A lifetime journey of building and applying skills, knowledge, and experience in paid employment positions
industry
occupation
career
standard of living
Grouping of occupations and industries based on the knowledge and skills required
career cluster
human capital
Training for a specific set of new skills provided by experts in a particular field
formal continuing education
lifestyle
job
net income
The skills, knowledge, and experiences possessed by an individual
assets
gross income
transferable skills
human capital
Group of establishments (businesses) that produce similar products or provide similar services
industry
occupation
net worth
job
Occurs through social interactions, networking, life's experiences, and reading
standard of living
informal continuing education
human capital
career
An activity through which an individual can earn money
job
occupation
liabilities
career cluster
Your habits, attitudes, tastes, morals standards and the amount of goods and services that you consume
trust fund
job
expenses
lifestyle
Grouping of jobs that perform similar tasks
statement of financial position
occupation
payroll tax
social security
The level of material comfort as measured by the goods, services, and luxuries you are able to purchase
standard of living
lifestyle
career cluster
human capital
Versatile skills that are applied to personal and professional roles
industry
transferable skills
informal continuing education
human capital
Products or services provided by an employer that provide extra value beyond wages
employee benefits
cost of living
net worth
gross income
Average cost of basic necessities such as housing and food
well being
net income
cost of living
insurance
A fee that a salesperson receives upon completion of a sale
commission
direct deposit
income tax
payroll tax
A person who relies on the taxpayer for financial support
employer contributions
dependent
employe benefits
direct deposit
Wages are deposited directly into a depository institution account
medicare
Form W-4
direct deposit
employment
Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages
gross income
income tax
medicare
employee benefits
The amount the employer has contributed to various employee benefits
employer contributions
net income
paper paycheck
payroll card
Agreement between an employer and employee
employment
career
the form that determines the amount of an employee's pay that will be withheld for federal taxes
tax liability
salary
Form W-4
pay stub
amount of money earned before payroll taxes
gross income
income tax
medicare
net income
taxes paid to federal, state and local governments on the amount of money earned
salary
income tax
payroll card
pay stub
a federal program whose main purpose is to help pay for health care for those over 65
social security
payroll tax
medicare
tax liability
amount of money left once all deductions have been taken from gross income
pay period
workers comp
salary
net income
a check written to a worker in the amount of money earned
paper paycheck
payroll card
pay stub
salary
a reloadable debit card onto which a worker's pay is loaded
pay stub
payroll card
salary
unemployment insurance
taxes withheld or paid on your behalf by your employer
commision
direct deposit
payroll tax
dependent
the regular schedule by which employers pay employees
payroll tax
commission
income tax
pay period
outlines the deductions made to wages
pay stub
salary
social security
tax liability
fixed amount of money or compensation
salary
unemployment insurance
workers compensation
medicare
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 family with children
tax liability
social security
employment
income tax
total tax bill
employee benefits
payroll tax
employer contributions
tax liability
a source of income for workers who have lost their jobs through no fault of their own
unemployment insurance
salary
payroll card
medicare
a state-sponsored system that pays monetary benefits to workers who become injured or disabled on the job
form W-4
worker's comp
medicare
social security
