TAXES
BANKING
EITHER ONE
BANKING2
TAXES2
100
Completed by employee and used by employer to determine amount of income tax to withhold
What is Form W-4
100
like a credit card, but it is used to withdraw money from a savings or checking account.
What is Debit Card
100
Things you pay money for- both needs and wants
What is Exspenses
100
To put money into a bank or investment account
What is Deposit
100
The federal agency that collects income taxes in the US
What is Internal Revenue Service (IRS)
200
Money, goods, services, and property a person receives that must be reported on a tax return. Includes unemployment compensation and certain scholarships. It does not include welfare benefits and nontaxable Social Security benefits.
What is Gross Income
200
A record of your borrowing and paying habits
What is Credit History
200
Money owed to taxpayers when their total tax payments are greater than the total tax
What is Refund
200
Money or goods you owe
What is Debit
200
An action taken to lessen tax liability and to maximize after-tax income
What is Tax Avoidance
300
Include Social Security and Medicare taxes
What is Payroll Tax
300
a small booklet comes with your checkbook and gives you record sheets that so you can keep track of all the deposits, ATM withdrawals, and checks you write
What is Check Register
300
Failure to pay or deliberate underpayment of taxes
What is Tax Evasion
300
1) In talking about loans, the balance is the difference between the amount owed and the amount paid. If you pay $45 on a $100 debt, your balance is $55. 2) In talking about checkbooks, balancing means to account for all money that came into and went out of your account, so that at the end of the month you and your bank statement agree. 3) In talking about savings, your balance is what is left in your savings account after you deposit or withdraw money.
What is Balance
300
Taxes on income, both earned and unearned. Income taxes can be levied on both individuals and business
What is Income Taxes
400
Used to provide medical benefits for certain individuals when they reach 65, workers, retired workers, and spouses are eligible to receive Medicare benefits
What is Medicare Tax
400
insurance to help people pay for medical expenses like going to the doctor, prescription drugs or surgery
What is Health Insurance
400
insurance that helps you pay for damage you cause as a result of an accident to people or property, medical expenses you may have and the cost of fixing your car. It will also pay all these expenses if someone hurts you or your car and they do not carry insurance themselves.
What is Auto Insurance
400
a type of investment that requires you to invest money for a certain length of time and guarantees the same rate of return (interest) for that entire time. usually require a minimum deposit
What is Certificate of Deposit
400
Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents, also known as Social Security Tax
What is Federal Insurance Contributions Act Tax (FICA)
500
A system of compliance that relies on individual citizens to report their income freely and voluntarily, calculate their tax liability correctly, and file a tax return on time.
What is Voluntary Compliance
500
the rate of interest (in terms of a percent, such as 8.75%) being charged for a loan over a year's time. The APR rate includes interest, transaction fees, and service fees.
What is Annual Percentage Rate
500
a type of plan that can help protect you from an diastor
What is Insurance
500
a score or grade that credit companies, banks, and other lenders
What is Credit Score
500
A tax credit for certain people who work, meet certain requirements, and have earned income under a specified limit.
What is Earned Income Credit
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