Income and Employment

the more education you receive, the higher your lifetime earnings will be.

for most careers, a *Bachelor's Degree will most likely result in the highest lifetime earnings

Net pay is the amount of money you're paid after all taxes and *deductions are taken out of your paycheck

Possible *taxes or deductions that they may show up on your paycheck are Federal income tax, contributions to retirement savings, and *FICA

The *W-4 tax form is used to tell your employer how much *federal income taxes to withhold from your paychecks to send to the IRS.

A *W-2 form is a form that tells you how much taxes you've *paid in the last year based on how much you've *earned.

*Taxes pay for *schools and government departments, roads, and *emergency services, and are often used at the federal, state, and local levels.

The *gig economy is a flexible market that allows you to work *short-term, independent jobs

To fill out your *1040, you need your W-2, routing and *bank account number, and a record of any other supplemental income.

When considering a job offer, you should consider how much you're being *paid and any other employee *benefits before you accept the offer

*Healthcare, *paid time off, disability insurance, and matching contributions to a *retirement account are all types of benefits available from your employer.