Unit 7 crossword Quist

2. A percentage of the total sales, paid to an employee instead of or in addition to salary and wages.
5. Amount of money an employee is paid each year. This is different than hourly wage.
6. Money gained through employment and investment returns
7. A document that highlights a person’s education, work and academic experiences, honors, community involvement, and skills.
9. The lowest wage permitted by law, as determined by each state.
10. Stands for Federal Insurance Contribution Act, and is a combination of Social Security and Medicare.
12. A time when a person is paid for work, also known as a part of the workforce.
13. A type of insurance coverage that pays for medical events. Everyone needs health insurance. The cost for health insurance is typically paid for through payroll deductions.
15. 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.
17. The sum of all wages, salaries, profits, and other earnings, before taxes and deductions.
18. A tax figured as a percentage of someone’s earnings, used to pay for public goods and services

1. The “take-home” money after all taxes and deductions have been made from the gross income.
3. A payment usually of money for labor or services completed, and usually according to a contract and on an hourly, daily, or piecework basis.
4. The nation’s health care program for the elderly and disabled, provides hospital and medical insurance to those who qualify. This calculates as a 1.45% of gross income.
7. Refers to strategies of saving and investing to be able to sustain oneself during retirement. One must consider assets and income as well as future expenses, liabilities, and life expectancy.
8. Skills that are practiced over time, and often are a reflection of how you exist in your daily communication, leadership, problem-solving, creativity, collaboration, etc…
11. Building relationships both personally and professionally through meeting people, interacting with them, and developing connections.
14. 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.
16. 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.