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Modern Workplace Vocabulary: Mastering Retirement, Balance, and Taxes

Learn about retirement options, achieving work-life balance, handling the cash drawer, and understanding state and federal taxes. Gain insight into financial management and planning for a secure future.

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Modern Workplace Vocabulary: Mastering Retirement, Balance, and Taxes

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  1. Workplace Vocabulary 7 Retirement, Balance, Cash Drawer, State Taxes and Federal Taxes

  2. Retirement The point where a person stops employment completely. A person can partly retire and still have a part time job, out of necessity or choice. This usually happens upon reaching a determined age. The average retirement age in the US is 65.

  3. Balance A state of equality. Equally distributed

  4. Cash Drawer A compartment under a cash register that holds money, coupons, etc.

  5. State Taxes Taxes that are imposed by state governments to fund state programs.

  6. Federal taxes Taxes that are imposed by federal governments for public use.

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