Employment (63-85) Vocab Flashcards

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Career

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A job or type of work you do over a long time, often growing in skill and pay.

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Job

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A paid position where you work to earn money. Ex: Your after-school job at the grocery store helps you earn spending money.

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Hourly Wage

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Money you earn for each hour you work. More hours = more pay. Ex: Earning $12 per hour means you'll make $96 for an 8-hour shift at your job.

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Salary

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A fixed amount of money you earn on a regular schedule, regardless of hours worked. Ex: Your aunt earns a $50,000 salary as a graphic designer, paid every two weeks.

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Gig Work

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Short-term or freelance jobs where you work when needed, like food delivery or rideshare driving. Ex: Babysitting or cutting grass on weekends is a flexible way to do gig work.

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Pay Stub

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A document that shows how much you earned and what was taken out of your check. Ex: Check your pay stub to see how much was deducted for taxes from your $200 paycheck.

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Deductions

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Money taken out of your paycheck to pay for taxes or other costs like insurance. Ex: Your $300 paycheck shows $45 in deductions for taxes and health insurance.

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Payroll Deductions

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Money taken from your paycheck for taxes, retirement savings, or health insurance. Ex: Your payroll deductions might include $20 for retirement savings each pay period.

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Retirement Contributions

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Money you choose to save from your paycheck for retirement. Ex: Putting 5% of each paycheck into retirement means saving $25 from a $500 check.

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State Taxes

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Money taken from your paycheck that goes to your state government. Ex: Your $15 state tax deduction helps fund local schools and roads.