Unit 7 (Grover)

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Across
  1. 3. Retirement Plan - Refers to strategies of saving and investing to be able to sustain oneself during retirement. Once must consider assets and income as well as future expenses, liabilities, and life expectancy
  2. 4. Professionalism is exhibiting acceptable qualities of behaviors connected to the expectations of the setting and specifically related to character, disposition, or nature of a person.
  3. 5. Income tax is a tax figured as a percentage of someone’s earnings, used to pay for public goods and services.
  4. 6. A cover letter is a one-page letter summarizing your skills, past experiences, goals, and how they align with the organization or company you are applying to.
  5. 9. Minimum wage is the lowest wage permitted by law, as determined by each state. **Minimum wage will vary based on jobs relying on tips
  6. 12. Health Insurance is a type of insurance coverage that pays for medical events. Everyone needs health insurance
  7. 13. A wage is a payment usually of money for labor or services completed, and usually according to a contract and on an hourly, daily, or piecework basis.
  8. 15. An interview is a formal meeting in which one or more persons question, consult, or evaluate another person for a potential job or acceptance to a school.
  9. 16. A resume is a document highlighting a person’s education, work, academic experiences, honors, community involvement, and skills.
  10. 18. Social Security - the nation’s retirement program that helps provide retirement income for the elderly and pays disability benefits.
  11. 21. Employment is a time when a person is paid for work, also known as a part of the workforce
  12. 23. A salary is amount an employee is paid each year. This is different than an hourly wage.
  13. 24. Your income is money gained through employment and investment returns.
Down
  1. 1. FICA stands for Federal Insurance Contribution Act, and is a combination of Social Security and Medicare.
  2. 2. Your net income is the “take-home” money after all taxes and deductions have been made from the gross income.
  3. 7. A reference is someone who can comment on your personal character, work ethic, or past work experiences, usually as part of the job application process.
  4. 8. A labor market, also known as a job market, refers to the supply of and demand for labor, in which employees provide the supply and employers provide the demand.
  5. 10. Your gross income is the sum of all wages, salaries, profits, and other earning, before taxes and deductions
  6. 11. A letter of recommendation is a letter written by someone who can highlight your skills, accomplishments, leadership experience, academic successes, extracurricular activities, ambition, and goals as part of the application process.
  7. 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.
  8. 17. Soft skills are practiced over time, and often are a reflection of how you exist in your daily communication, leadership styles, problem-solving, creativity, collaboration, etc...
  9. 19. A commission is a percentage of the total sales, paid to an employee instead of or in addition to salary and wages
  10. 20. By networking you are building relationships both personally and professionally through meeting people, interacting with them, and developing connections.
  11. 22. Medicare - the nation’s health care program for the elderly and disabled, provides hospital and medical insurance to those who qualify