FINANCIAL LITERACY PPT 9

Brice Holmes

Franchise

An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities

Franchisor

A company which or person who grants franchises

Franchisee

One that is granted a franchise, as to market a company's goods or services in a certain local area.

Apprenticeship

the position of apprentice

Job Sharing

Job sharing is an employment arrangement where typically two people are retained on a part-time or reduced-time basis to perform a job

W-4 Form

IRS tax forms are used by taxpayers and tax-exempt organizations to report financial information to the Internal Revenue Service

Net Pay

Net pay is the remaining amount after deductions from the gross salary, where net means ultimate

Deductions

The action of deducting or subtracting something

Tax Allowances

An amount of income that can be earned tax-free. Tax allowances vary according to a person's circumstances

Exemptions

The process of freeing or state of being free from an obligation or liability imposed on others.

Gross Pay

A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract.