Intermediate: Earning Income Course

Course Price

FREE

About the Course

The Intermediate Earning Income Course is designed for learners who want to explore advanced concepts related to earning income, including compensation packages, employee benefits, taxes, and career development. This course follows the National Standards for Financial Literacy and aims to help participants make informed career choices that align with their financial and personal goals.

Learning Objectives:

  • Understand the various forms of compensation and employee benefits.
  • Evaluate both tangible and intangible job benefits and their impact on career choices.
  • Learn how education and training impact income potential and unemployment rates.
  • Understand the impact of economic and labor market changes on employment and income.
  • Understand the importance of taxes, tax deductions, and credits in financial planning.
  • Explore different sources of retirement income and small business ownership as a source of income.

Course Instructor

Moneyling Moneyling Author

Compensation and Employee Benefits – NS Earning Income 12-1

Intangible Job Benefits – NS Earning Income 12-2

Education, Training, and Earning Potential – NS Earning Income 12-3

Skills, Productivity, and Income – NS Earning Income 12-4

Economic Conditions and Employment – NS Earning Income 12-5

Taxes and Government Revenue – NS Earning Income 12-6

Tax Rates and Taxable Income – NS Earning Income 12-7

Unearned Income and Tax Rates – NS Earning Income 12-8

Tax Deductions and Credits – NS Earning Income 12-9

Retirement Income – NS Earning Income 12-10

Business Ownership and Gig Employment – NS Earning Income 12-11

Course Price

FREE

Course Outline

  • Compensation and Employee Benefits – NS Earning Income 12-1
    • Before You Begin
    • Types of Compensation and Benefits – NS Earning Income 12-1
    • Researching Employee Benefits: NS Earning Income 12-1a
    • Evaluating Benefits Beyond Salary: NS Earning Income 12-1b
    • Contributory vs. Non-Contributory Benefits: NS Earning Income 12-1c
    • Retirement and Healthcare Plans: NS Earning Income 12-1d
  • Intangible Job Benefits – NS Earning Income 12-2
    • Valuing Non-Cash Benefits – NS Earning Income 12-2
    • Examples of Intangible Job Benefits: NS Earning Income 12-2a
    • Impact on Career Choices: NS Earning Income 12-2b
    • Evaluating Tradeoffs: NS Earning Income 12-2c
  • Education, Training, and Earning Potential – NS Earning Income 12-3
    • The Value of Education and Training – NS Earning Income 12-3
    • Costs and Benefits of Education: NS Earning Income 12-3a
    • Impact of Life Circumstances on Education: NS Earning Income 12-3b
    • Earnings and Unemployment by Education Level: NS Earning Income 12-3c
  • Skills, Productivity, and Income – NS Earning Income 12-4
    • Wages and Skills – NS Earning Income 12-4
    • Jobs Based on Skills and Productivity: NS Earning Income 12-4a
    • Variation in Wages: NS Earning Income 12-4b
    • Race and Gender Pay Gaps: NS Earning Income 12-4c
  • Economic Conditions and Employment – NS Earning Income 12-5
    • Impact of Economic Changes – NS Earning Income 12-5
    • Economic and Labor Market Conditions: NS Earning Income 12-5a
    • Technological Advances and Employment: NS Earning Income 12-5b
    • Effects of Economic Downturns: NS Earning Income 12-5c
  • Taxes and Government Revenue – NS Earning Income 12-6
    • Understanding Taxes – NS Earning Income 12-6
    • Calculating Taxes: NS Earning Income 12-6a
    • Levels of Government and Tax Revenue: NS Earning Income 12-6b
    • Benefits from Tax Revenue: NS Earning Income 12-6c
  • Tax Rates and Taxable Income – NS Earning Income 12-7
    • Income and Taxes – NS Earning Income 12-7
    • Federal and State Tax Rates: NS Earning Income 12-7a
    • Sales Tax Comparison: NS Earning Income 12-7b
    • Gross, Net, and Taxable Income: NS Earning Income 12-7c
    • IRS Forms W-2 and 1099: NS Earning Income 12-7d
  • Unearned Income and Tax Rates – NS Earning Income 12-8
    • Earned vs. Unearned Income – NS Earning Income 12-8
    • Difference Between Earned and Unearned Income: NS Earning Income 12-8a
    • Tax Rates on Different Income Types: NS Earning Income 12-8b
  • Tax Deductions and Credits – NS Earning Income 12-9
    • Reducing Tax Liability – NS Earning Income 12-9
    • Completing IRS Form W-4: NS Earning Income 12-9a
    • Tax Credits vs. Deductions: NS Earning Income 12-9b
    • Examples of Tax Credits: NS Earning Income 12-9c
  • Retirement Income – NS Earning Income 12-10
    • Sources of Retirement Income – NS Earning Income 12-10
    • Potential Sources of Retirement Income: NS Earning Income 12-10a
    • Importance of Multiple Income Sources: NS Earning Income 12-10b
    • Employer-Sponsored Retirement Plans: NS Earning Income 12-10c
    • Average Social Security Benefit: NS Earning Income 12-10d
  • Business Ownership and Gig Employment – NS Earning Income 12-11
    • Owning a Small Business – NS Earning Income 12-11
    • Benefits and Costs of Gig Employment: NS Earning Income 12-11a
    • Small Business Ownership: NS Earning Income 12-11b
    • The Exciting Journey of Big Scalable Business Ideas
    • Buying an Existing Business 
    • Course Review
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