WorksheetsEmployment Vocabulary
Total questions: 27
Worksheet time: 14mins
A profession, occupation, trade, or vocation.
Career
Job
Hourly wadge
Salary
A paid position of employment.
Career
Job
Hourly wadge
Salary
The amount changes as the hours change
Career
Job
Hourly wadge
Salary
A set amount of money earned per pay period. It is usually described as the amount of money made per year
Career
Job
Hourly wadge
Salary
Temporary or freelance work provided by an independent contractor on an on-demand basis.
Gig Work
Pay Stub
Deductions
Payroll Deductions
A record of your wages supplied by an employer
Gig Work
Pay Stub
Deductions
Payroll Deductions
wages withheld from an employee's total earnings for the purpose of paying taxes, garnishments and benefits, like health insurance
Gig Work
Pay Stub
Deductions
Payroll Deductions
Retirement contributions
State taxes
Federal Income Tax (FICA)
Health and life insurance payments
Social security
Gig Work
Pay Stub
Deductions
Payroll Deductions
The amount earned before taxes, benefits, and other payroll deductions are withheld from your paycheck
Gross wadges
Net Wadges
Intangible benefits
Benefits
The amount earned after taxes, benefits, and other payroll deductions are
Gross wadges
Net Wadges
Intangible benefits
Benefits
withheld from your paycheck
Gross wadges
Net Wadges
Intangible benefits
Benefits
Any perk offered to an employee in addition to a salary. The most common benefits are health insurance, disability, and life insurance; retirement benefits; and paid time off (PTO).
Gross wadges
Net Wadges
Intangible benefits
Benefits
A block of time that an employee is paid for when they are not working.
Paid time off (PTO)
Retirement plan
IRA or Individual Retirement Accoun
Roth IRA
A retirement account where an employee can make contributions from his or her paycheck. Employee-sponsored retirement plans are often offered by an employer as an employee benefit.
Paid time off (PTO)
Retirement plan
IRA or Individual Retirement Accoun
Roth IRA
A retirement account with tax advantages where money can be saved and invested in for the long term.
Paid time off (PTO)
Retirement plan
IRA or Individual Retirement Accoun
Roth IRA
An individual retirement account where you can make after-tax contributions; withdrawals made after age 59 ½ are tax and penalty free.
Paid time off (PTO)
Retirement plan
IRA or Individual Retirement Accoun
Roth IRA
A tax-advantaged retirement plan with an employer contribution.
Pension
Social Security
Social Security Number (SSN)
Social Security Tax
A federal benefit that provides retirement income for American workers.
Pension
Social Security
Social Security Number (SSN)
Social Security Tax
SSN refers to a Social Security number, or a nine-digit number that can be used for identification
Pension
Social Security
Social Security Number (SSN)
Social Security Tax
A federal tax on wages that provides most of the funding for Social Security.
Pension
Social Security
Social Security Number (SSN)
Social Security Tax
A payment or charge collected by the government to cover the costs of government services or activities.
Tax
State Income Tax
Tax Exempt
Vesting
Most states charge income tax on money earned while working or through investments. This is separate from, and additional to, federal tax
Tax
State Income Tax
Tax Exempt
Vesting
excludes certain income, revenue, or even taxpayers from paying taxes altogether
Tax
State Income Tax
Tax Exempt
Vesting
In a retirement plan, this means when one recieves ownership or control. When an employee is 100% vested, they own the account balance and the employer cannot take it back.
Tax
State Income Tax
Tax Exempt
Vesting
A form used so that an employer can withhold the amount of federal income tax from their pay.
W-4
W-2
Tuition reimbursement
A shows important information about the income you've earned from your employer, amount of taxes withheld from your paycheck, benefits provided and other information for the year. You use this form to file your federal and state taxes.
W-4
W-2
Tuition reimbursement
Tax return
An employee benefit where the employer covers some or all of the costs of an employee's education.
W-4
W-2
Tuition reimbursement
Tax return
