1. Financial Literacy VOCABULARY 9 By: Zack Clary

2. Franchise/Franchiser Franchising is the practice of using another firm's successful business model The franchisor owns the overall rights and trademarks of the company and allows its franchisees to use these rights and trademarks to do business.

3. Franchisee A franchisee is an individual who purchases the rights to use a company's trademarked name and business model to do business.

4. Apprenticeship Apprenticeship is a system of training a new generation of practitioners of a skill.

5. 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 normally fulfilled by one person working full-time.

6. W-4 form The Form W-4 is used by employers to determine the correct amount of tax withholding to deduct from employees' wages.

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

8. Deduction Deductive reasoning, inference in which the conclusion is of no greater generality than the premises

9. Tax Allowance -Tax allowance An amount of income that can be earned tax-free.

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

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