New Glog

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New Glog

The difference between salary and a wage.The difference between a wage and a salary is that wages are mostly paid per hour, daily, weekly, or piece work basis and salaries often refers to how much a person is paid monthly or yearly, and can be paid on a hourly, daily, weekly, or piece-work basis. The earners are normally paid for performance but not by the hour.

Module 10 Lesson 2 Remediation Assignment

A budget is a written record of money coming in and out of a household. Following a budget will help keep you out of debt or help you work your way out of debt if you are currently in debt.

What is a budget?

The workforce is the total number of a country's population employed in the armed force and civilian jobs. All the people working or available to work, as in a nation, company, industry, or on a project.

The Workforce

Both non-essential and essential expenses have to do with you spending money. Essential expenses are things you need to help live and non-essential expenses are thing you don't really need.

Non-essential and essential expenses.

Skill development is when a person enhances their ability through education or training. It may be important because this makes people more apt to be hired and more competetive in their field.

Skill Development

Net pay and gross pay.Net pay is a protion or salaries or wages than en employee recieves after paying all deduction and taxes, while gross pay is the total of an employee's regular compensation including allowences, overtime pay, commissions, bonuses, etc.

Compare the different ways to save for retirement including a savings account, retirement account, and investing. The common way to save money is by having a savings account. A savings account is an account from which withdraws can be made for which intrest grows on balance. Investing is commiting money or capital an endavor with the expectation of obtaining a profit. It is important to save for retirement to ensure you have enough money to survive after you stop working. Retirement accounts include:Plans for employee: 401(k), Roth 401 (k), 403(b), and 457 accounts.Plans for individuals: SEP IRA, deductable IRA, and non-deductable IRA.Plans for self employed: SEP IRA, simple IRA, and Solo 401(k).



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