Crossword Jackson

2. Money gained through employment and investment returns.
3. income The sum of all wages, salaries, profits, and other earnings, before taxes and deductions.
5. Stands for Federal Insurance Contribution Act, and is a combination of Social Security and Medicare
8. Amount of money an employee is paid each year. This is different from hourly wage.
10. tax A tax figured as a percentage of someone’s earnings, used to pay for public goods and services.
11. A percentage of the total sales, paid to an employee instead of or in addition to salary and wages.
12. A time when a person is paid for work, also known as a part of the workforce.

1. An internship is a temporary job (usually 2-3 months) that allows experience in a work environment for a specific career, and can help narrow down a career choice.
4. market Also known as the job market, and refers to the supply and demand for labor (employees provide labor, employers supply the demand). This is a major component of the economy, and is linked to markets for capital, goods, and services
6. A payment usually of money for labor or services completed, and usually according to a contract and on an hourly, daily, or piecework basis.
7. wage The lowest wage permitted by law, as determined by each state.
9. security The nation’s retirement program that helps provide retirement income for the elderly and pays disability benefits. This calculates as 6.2% of gross income
13. income The “take-home” money after all taxes and deductions have been made from the gross income.