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18 Cards in this Set
- Front
- Back
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Personal Economics
Chapter 10 |
Personal Economics
Chapter 10 |
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Career
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Your line of work
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Contact Letter
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A letter informing a prospective employer that you are interested in working for their company.
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Cover Letter
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Similar to a contact letter but is used to inform the prospective employer of your interest and capabilities as they relate to a specific employment opportunity; always accompanied by a resume.
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Deduction
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An amount subtracted from something especially as an allowance against tax.
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DISC Personality Profile
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A behavior profile test that yields insights into how you process decisions and what your natural tendencies may be.
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Excise Tax
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A tax leveled on the purchase of certain non-essential consumer goods such as tobacco, airline tickets, etc.
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FICA
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Federal Insurance Contributions Act: Government legislations that funds Social Security.
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Income Tax
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A progressive tax on the financial income of individuals, companies, deceased estates, and certain bankrupt estates paid to the government.
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Medicare
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Federal government program that pays for certain health care expenses for citizens 65 or older; managed by the Social Security Administration.
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Motivation
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A feeling of enthusiasm, interest, or commitment that makes somebody want to do something.
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Payroll Deduction
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Amount subtracted from a paycheck, either by government requirement (mandatory taxes, Social Security, etc.) or at the employee's request (health insurance, retirement plan, etc.).
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Sales Tax
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A tax levied on the sales of goods and services. It is collected by the retailer and given to the state.
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Resume
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Personal and work history used for gaining employment.
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Stable
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The S in the DISC personality profile. This person is amiable, loyal, and doesn't like conflict.
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Vocation
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What you do for a living that is your "calling".
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W - 4
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A federal tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes.
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Withholding
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A portion of employee's wages or salary deducted for taxes.
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