Shared Flashcard Set

Details

Pg 544 Vocab
Planning
45
Business
12th Grade
04/16/2012

Additional Business Flashcards

 


 

Cards

Term
Career Plan
Definition
An Outline of steps or action you can take to reach a career goal.
Term
Interests
Definition
Activities you enjoy subjects you like ideas that fascinate you sports you play or hobbies you follow
Term
Aptitudes
Definition

Natural physical and mental talents

 

Term
Abilities
Definition
Physical and mental skills developed through training and practice
Term
Career Clusters
Definition
16 general groupings of occupational and career areas
Term
Career Ladder
Definition
An outline of jobs in a given career field that are available at different levels of education and training and experience
Term
E Learning
Definition
Internet education and training programs
Term
Distance Learning
Definition
Education or training is delievered to the student online by mail  or on television
Term
Occupational Training
Definition
Prepares you for a specific type of work
Term
Community Colleges
Definition
Two year schools offering both academic and occupational courses
Term
Interships
Definition
Short term position with a sponsoring organization that gives the intern an oppurtunity to gain on the job experience ina certain field of study or occupation
Term
Apprenticeship
Definition
Combination of the on the job training work experience and classroom instruction
Term
Reserve Officers Training Corps
Definition
Program offered by the military that offers education and training for low cost
Term
Continuing Education
Definition
Learning you pursue after you complete your formal education and training.
Term
Wage
Definition
Amount of money paid for a specified quantity of labor; ex: hour
Term
Salary
Definition
Set amount of money paid for a set period of time worked
Term
Commission
Definition
Income paid as a percentage of sales made by a salesman
Term
Tips (Gratuity)
Definition
Money paid by customers to those who provide services
Term
Production
Definition
Compensation paid based on number of pieces or items produced
Term
Bonus
Definition
Money paid in addition to base pay;reward for performance or a share of profit
Term
Paycheck
Definition
A form of payment to an employee
Term
Direct deposit
Definition
AO EmQNPYER DEQPSKtS tJE EmQNPYEE’S QaYCJECL DKRectly into the authorized EmQNPYEE’S DEQPSKtPRY KOStKtUtKPO aCCPU
Term
Payroll card
Definition
A prepaid card that is offered to employees as an alternative to paper paychecks or DKRECtNY DEQPSKtKOG WaGES KOtP aO EmQNPYEE’S DEQPStKPRY KOStKtUtKPO
Term
Paycheck stub
Definition
This part lists the paycheck deductions as well as other important information.
Term
Pay period
Definition
Length oftime for which an EmQNPYEE’S WaGES
Term
Gross pay
Definition
Total amount of money earned during the pay period before deductions
Term
Net pay
Definition
Amount of money left afterall the deductions have been taken from the gross pay earned in the pay period
Term
Deductions
Definition
Money subtracted from gross pay for required taxes, employee insurance, and retirement benefits; may be voluntary or mandatory
Term
State withholding tax
Definition

Amount  deducted from an individual’s income to assist in funding government agencies within the state

Term
RSDHI
Definition

FICA employee benefits; Retirement, Survivor, Disability, Health Insurance

Term
Medical
Definition

Amount taken from the employee’s paycheck for medical benefits.

Term

Year-to-date deductions

Definition

Total of all deductions which have been withheld from an individual’s paycheck from January 1 to the last day of the pay period

Term
Tax
Definition

Compulsory (mandatory) charge imposed on citizens by local, state, or federal governments

Term

Progressive tax

Definition

The higher the income level, the higher the % amount of taxes paid

Term

Regressive tax

Definition

Impose a higher tax rate on those with lower incomes than those with higher

Term

Work permit

Definition

Form required  to be completed (by employee, employer, parent) if employee is minor

Term

Form W-2

Definition

Tax form provided by employer that states the amount of money earned and taxes paid throughout the previous year, used to file form 1040

Term

Form W-4

Definition

An employee’s withholding certificate---the information provided on this form determines the percentage of gross pay to be withheld for federal income taxes

Term

Form I-9

Definition

Employment Eligibility Verification Form---information on this form is for employers to verify the eligibility of non-citizen individuals for employment

Term

1099 Forms

Definition

Tax forms reporting other sources of income earned during a tax year: INT, DIV, MISC

Term

1099-INT

Definition

Tax form reporting  Interest income on savings and/or investment accounts  during the previous year

Term

1099-DIV

Definition

Tax form reporting  Dividends earned on investments during the  previous year

Term

1099-MISC

Definition

Tax form reporting  Income earned from self-employment, royalties,  rent payments, unemployment compensation, capital gains, & other sources

Term

Form 1040

Definition

Individual tax reporting form filed by April 15th for previous calendar year

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