Module 4 EPF
Résumé
A brief account of a person's education, qualifications, and previous experience, typically sent with a job application.
Garnishment
A court order directing that money or property of a third party be seized to satisfy a debt owed by a debtor to a plaintiff creditor.
Wage
A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker.
Salary
A fixed regular payment, typically paid on a monthly or biweekly basis, often expressed as an annual sum, made by an employer to an employee.
W-4 Form
A form completed by an employee to indicate his or her tax situation (exemptions, status, etc.) to the employer. The _____ form tells the employer the correct amount of tax to withhold from an employee's paycheck.
Career
A job undertaken for a significant period of a person's life and with opportunities for progress.
Cover Letter
A letter sent with, and explaining the contents of, another document such as a resume.
Interview
A meeting of people face to face, especially for consultation, especially for a job position.
Job
A paid position of regular employment.
Incentives
A payment or concession to stimulate greater output or investment. (motivates)
Exempt
A person who is exempt from something, especially the payment of tax.
Apprenticeship
A position that teaches a trade from a skilled employer, with an agreement to work for a discussed period at low wages.
Benefits
An advantage or profit from something
Bonus
An amount of money added to wages on a seasonally, usually a reward for good performance.
Deductions
An amount that is or may be deducted from something, especially from taxable income or tax to be paid.
Self Assessment
An evaluation of one's actions and attitudes, in particular, of one's performance at a job or learning task considered in relation to an objective standard.
Aptitude
One's ability to do something.
Overtime
Time in addition to normal working hours.
Tips
To give a small additional sum of money for service.
Inheritance
Something that is received.
FICA
The Federal Insurance Contributions Act tax is a United States federal payroll tax imposed on both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, the disabled, and children of deceased workers.
Market Value
The amount for which something can be sold on a given market.
Allowance
The amount of something that is allowed, usually with a set of rules.
Net Pay
The amount of wages that employees actually take home after all tax deductions have been made.
Return on Investment
The benefit to the investor resulting from an investment of some resource.
Productivity
The effectiveness of productive effort, especially in industry, as measured in terms of the rate of output per unit of input.
Derived Demand
a demand for a service that is a consequence of the demand for something else.
Human Capital
The skills, knowledge, and experience possessed by an individual viewed in terms of their value or cost to an organization or country.
Gross Pay
The total amount of remuneration before taxes and other deductions are removed. If these items are taken out.
Internship
a temporary position with an emphasis on on-the-job training rather than merely employment, and it can be paid or unpaid.
Piece Rate
A rate of payment for work paid for according to the amount produced.
Dividends
A sum of money paid regularly by a company to its shareholders out of its profits or reserves.
Commission
An instruction, or duty given to a person or group of people, like employment.
Unearned Income
Income from investments rather than from work.
Interest
The money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Earned Income
The money you get from a paycheck.