Insurance Vocabulary
Types of Insurance
Taxes Vocabulary
Types of Taxes
Things you should know about taxes
100
This is the agreement between the insurer and insured.
What are terms?
100
This insurance covers accidents and auto repairs.
What is auto insurance?
100
This is the agency that collects taxes.
What is the IRS (Internal Revenue Service)?
100
This is the tax that is added to your typical purchase at a store.
What is sales tax?
100
This person withholds taxes from your paycheck.
Who is your employer?
200
This is the amount insurance wants you to pay before they start paying.
What is a deductible?
200
This insurance financially covers you if you physically can't do many things.
What is disability insurance?
200
This is the part of your paycheck that is left for you to keep.
What is your net pay?
200
This is a tax used to help people who are not physically able to do things.
What is disability tax?
200
This is the money you receive before deductions and withholdings.
What is your Gross Pay?
300
This is when you ask the insurance to pay for something that happened.
What is a claim?
300
This is the type of insurance that covers the care of your teeth.
What is dental insurance?
300
This is a form you receive annually from employer. It summarizes your yearly earnings and withholdings.
What is a W-2?
300
This is a tax on your profit of an investment.
What is Capital Gains tax?
300
This is the date you must turn in your file for a tax return.
When is April 15th of the previous year?
400
This is what and how much is covered by insurance.
What is coverage?
400
This is the type of insurance that covers things like your hospital and medical bills.
What is medical insurance?
400
This is some money your employer keeps out of your paycheck to send to the IRS as taxes.
What are withholdings?
400
This is a tax on things you own.
What is property tax?
400
This is what happens if your taxes paid is more than the taxes owed.
What is you get a refund of how much you overpaid?
500
This is a portion of the claim the insurance wants you to pay.
What is a Co-Pay?
500
This insurance financially covers you if you have issues with your sight.
What is vision insurance?
500
This is the amount you are paid before deductions and withholdings.
What is gross pay?
500
This is a tax on you to help the workforce agency.
What is unemployment tax?
500
This is what happens if your taxes paid is less than the taxes owed.
What is you have to pay more?
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