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Unit 3 One Foot Out the Door

AB
College/UniversityInstitution granting higher academic degrees.
Community CollegeTwo-year public higher education institutions.
MilitaryNational armed forces( Army, Navy, Air Force, Marines, Coast Guard, National Guard)
Work forcePeople engaged in employment.
ScholarshipFinancial aid granted for study
GrantGovernment financial assistance that does not have to be repaid
Financial AidMonetary assistance for education expenses.
IncomeMoney earned
Checking AccountBank account for daily transactions.
Savings AccountAccounts for saving earned money that accrues interest
CashMoney in the form currency
Creditpayment given by trust.
Loanmoney or other property that a person borrows from another with the condition that it be returned or repaid over time or at a later date.
EmploymentThe occupation or work for which one is used, and often paid
FAFSAApplication for federal student aid.
OvertimeWork exceeding regular scheduled hours.
Gross PayTotal earnings before any deductions.
Net PayWhat remains from gross pay after taxes and other deductions have been taken away
W-2Tax form reporting wage income.
W-4Employee's federal income tax form.
1099Tax form for independent contractors.
Fiscally ResponsibleManaging financial resources



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