Your Income and Your Career | Meir Waknine

Your Income and Your Career

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Sources of Income • Wages, salaries, tips, and commissions • Entrepreneurship, or business earnings • Investment earnings • Government payments • Grants, royalties, and inheritances <

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Wages, Salaries, Tips, and Commissions Wages pay that is gured at an hourly rate Salary pay that is a xed amount, regardless of the hours worked Tip a voluntary payment that a customer makes to an employee Commission a percentage of the total sale, paid to an employee instead of, or in addi on to salary or wages

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Entrepreneurship, or Business Earnings • Entrepreneur Someone who organizes, manages, and assumes the risks of owning a business • Sole proprietorship a business owned by one person • Partnership a business with co-owners, in which both par es are legally joined together • Corporation a business owned by a group of stockholders <

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Investment Earnings

Investing commi ng money to stocks, bonds, or real estate in order to earn a nancial return

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Government Payments Gg

Financial aid for students Social Security Medicare Medicaid Unemployment Insurance Aid to dependent children

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Grants, Royalties, and Inheritances Grants payments or property given to people or ins tu ons, which do not have to be paid back • Royalties a percentage of the sales in dollars paid to an author, songwriter, or inventor when copies of his her crea on are sold • Inheritance an amount of money, property, or an object of value, given by someone who has died •

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Choosing your career 1.

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Daydream Make a thorough self assessment Gather career information Set a realistic career goal Make a decision Outline a plan of action

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Occupational Group • Architecture and Engineering Name of Occupation • Aerospace Engineer Picture of Occupation <

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Work Environment and Schedule •

They are employed in industries where workers design or build aircraft, missiles, systems for national defense, or spacecraft. Aerospace engineers work primarily for rms that engage in analysis and design, manufacturing, research and development, and for the federal government.

• Aerospace engineers typically work full time. Engineers who direct projects must often work extra hours to monitor progress, to ensure that the design meets requirements, to determine how to measure aircraft performance, to see that production meets design standards, and to ensure that deadlines are met. < fi

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