Paychecks
Direct Deposit
Employer directly deposits employers paycheck into authorized employers bank account
check
Mandatory payment to the government made by a person,property or business to fund some public purpose
taxes
A loan that one can take out to buy a home
Mortgage
Liability
Is required by law in MD
Document of deductions from paycheck
paystub
Person or company writing the check
payer
Deductions
Expensive that can be deducted before determining taxable income
what you have to pay right then and there in order to get a loan
Liability coverage
Protection for when you're at fault in an automobile accident
amount of money left after deductions
net pay
payee
person or company to whom the check is written
tax credit
Amounts that can be deducted from taxes owed
Principle
The base amount of the loan without interest
Coverage for everything else
Comprehesive
With holdings
deductions from paycheck like taxes
overdraft
tax exemptions
What the lender charges you to borrow money from them
Interest
Uninsured motorist coverage
protection if other drivers insurance isn't enough
payroll
payroll card electronically carries the balance of employers net pay
to put money in savings account you must withdraw cash
numerous fee assisted with payroll
voided check
check written mistakenly, so the PAYEE writes VOID across it so it cannot be cashed. You should also destroy the check.
Major taxes on what you and I earn
1. Federal income tax
2.Maryland income tax
3.FICA
Amortization
In auto insurance, liability coverage that pays for physical injury to people in other vehicles
Bodily Injury Liability