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A purely academic focus in schools may lead to students being ill-equipped to:
FICA Taxes Payable
Taxes owed for Federal Insurance Contributions Act, primarily for Social Security and Medicare, withheld from employees' paychecks.
Employer's Payroll Taxes
These are taxes that employers are required to pay on behalf of their employees, including Social Security and Medicare taxes in the United States.
Pension Rights
The entitlements employees earn towards future pension benefits as a result of their employment.
Vacation Privileges
Benefits or allowances offered by employers to employees, allowing paid time off from work for personal leisure or rest.
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