a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses.
What is medical insurance
100
This is the monthly cost of insurance
What is a Premium?
100
How much is covered by insurance
What is coverage?
100
A government agency that collects taxes
What is the IRS?
100
a tax on sales or on the receipts from sales.
What is sales tax?
200
insurance that pays out a sum of money either on the death of the insured person or after a set period.
What is life insurance
200
This is the amount insurance wants you to pay before they start paying
What is a Deductible?
200
Your employer does this to taxes and sends them to the IRS
What is withhold
200
Your pay before deductions and withholdings
What is a Gross Pay?
200
A tax that only 43 states collect along with federal income tax
What is state income tax?
300
protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
What is auto insurance
300
This is the agreement between the insurer and the the insured
What is a term?
300
A file you send to the IRS annually. (usually easier than the 1040)
What is 1040EZ
300
A form you receive annually from your employer
What is a W-2?
300
a levy on property that the owner is required to pay.
What is property tax?
400
pays a portion of the costs associated with dental care.
what is dental insurance
400
This is when you ask insurance to pay because something happened
What is a claim?
400
company giving you coverage
What is insurer
400
The part of your paycheck that is left after deductions and withholdings
What is a Take home pay?
400
a tax levied by the United States Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts and other legal entities.
What is federal income tax?
500
Insurance coverage that protects businesses from losses due to events that may occur during the normal course of business.
What is business insurance
500
This is a portion of the claim the insurance wants you to pay
What is a co-pay?
500
person covered by insurance
What is insured
500
A form you fill out one time when you start a job. This form allows your employer to take part of your paycheck as taxes and send it to the IRS
What is a W-4?
500
tax levied on both employers and employees used to fund the Social Security program.