WorksheetsWorking and Earning
Total questions: 51
Worksheet time: 17mins
money received as compensation for labor
(a)
money earned as a percentage of a sale of an item
(a)
money from a customer for good and friendly service
(a)
passive income that you don't have to work to gain.
(a)
an hourly rate of money paid. the monetary compensation an employee receives for their work
(a)
the lowest amount a company can legally pay its hourly workers.
(a)
a fixed amount of money or compensation paid to an employee by an employer in return for work performed
(a)
how much it costs for food, housing, transportation, and other necessities to live in that city or area.
(a)
completing highschool is finishing one level of formal education. Happens in a classroom
(a)
training that happens outside of a traditional school
(a)
when someone works alongside someone more senior to learn the ropes
(a)
working a low level position in their field of interest in order to try it out and gain experience
(a)
to let got of workers when production slow down
(a)
the percentage of the workforce that isn’t employed but looking for work
(a)
refers to the price increase of goods and services
(a)
a percentage of a worker's pre-retirement income based of your lifetime earnings funded by the US Treasury
(a)
a retirement arrangement where your employer promises you a regular payment from the day you retire, for as long as you live
(a)
work done in the short term for the goal of making money. Not necessarily long term.
(a)
a journey, something you are aiming to do for sometime, something you may have a passion for.
(a)
an application for professional jobs that highlights experiences and education.
(a)
perks offered to workers in a form of compensation because they have monetary value(monetary value - the value of something measured in currency)
(a)
a way of managing the financial risks of getting sick. In exchange for a monthly fee, insurance will cover medical costs.
(a)
insurance that replaces a portion of the employee’s salary in the event he or she becomes sick or disabled and can’t work.
(a)
when a person dies, this amount of money will be paid out to a person of his or her choice.
(a)
retirement investing accounts where workers contribute their own money and pick their own investments from a selection the employer has chosen.
(a)
a proposal describing an idea for the business, introducing the people involved, analyzing the market and the competition, and stating financial needs and goals.
(a)
a tax document that signals to employers the estimated income tax you may owe over the year.
(a)
the amount you pay per paycheck, determined by salary, wages
(a)
circumstances that reduce taxable income, or a certain portion of income is never taxed).
(a)
IRS, the agency that collects tax money.
(a)
circumstances that reduce taxable income, or a certain portion of income is never taxed).
(a)
the amount of income after taxes, for living expenses and savings.
(a)
the amount remaining after all of the payroll deductions and income tax are taken out
(a)
Federal Insurance and Contributions Act, helps fund both Social Security and Medicare programs
(a)
means that the more income one makes, the greater percentage of it one pays in taxes.
(a)
the rate that you would pay on the last dollar you earn.
(a)
these forms are a way of reporting to the IRS all the income you’ve made(both earned and unearned) and the tax you’ve already paid.
(a)
the form reports taxable income(salary before taxes) for the year.
(a)
reports income on which tax was not withheld.
(a)
an easier version of the main federal tax return for single, or married, people earning less than $100,000 a year.
(a)
your earned income(line 1 of W-2) and your unearned income(from the 1099) added together.
(a)
something that directly reduces taxable income. The amount is subtracted from the adjusted gross income.
(a)
reduce your taxes owed dollar-for-dollar
(a)
amount owed, on newly calculated taxable income
(a)
an official examination and verification of accounts and records, especially of financial accounts
(a)
An income of $1 - $8,375 gives you what marginal tax rate
(a)
An income of $8,375 - $34,000 gives you what marginal tax rate
(a)
An income of $34,000 - $82,400 gives you what marginal tax rate
(a)
An income of $82,400 - $171,850 gives you what marginal tax rate
(a)
An income of $171,850 - $373,650 gives you what marginal tax rate
(a)
An income of $373,650+ gives you what marginal tax rate
(a)
