human capital
What are talent, skills, knowledge?
Happens automatically, based on existing laws. It includes programs like Medicare and Social Security, (which are funded by FICA taxes).
What is Mandatory spending?
Regarding the money withdrawn from your paycheck, what are the two programs that FICA funds?
What is Social Security and Medicare?
Deadline for employers to mail W-2s to their employees.
What is January 31st?
this form verifies the identity and employment authorization of individuals hired for employment in the United States
What is an I9?
The most valuable asset a typical teenager holds.
What is Human Capital?
...the rate of increase in prices over a given period of time
What is Inflation?
Gross Income is $100,000. What is the tax? Round to the nearest cent.

$100,000 - $14,600 = $85,400.
$5,579 +.22($36,925) = $13,702.50
What is $13,702
What the government must spend annually...
What is mandatory spending?
When filing your taxes, how should you decide if you should itemize your deductions or take the standard deduction? Be specific...
$14,600 is the difference between the two.
the middle number in a sorted ascending or descending list of numbers
What is the Median?
Form that reflects your income earned and taxes withheld from the prior year
What is the W-2?
If I lost 30% of my initial investment in 2020 and then I gained back 30% from that point, what is my percent difference dating back to day 1?
What is -9%?
Percent of your paycheck that goes to FICA.
What is 7.65%?
a collection of tax forms documenting different types of payments made by an individual or a business that typically isn't your employer
What is a 1099?
Productivity is measured as the...
...ratio of output per worker per unit of time.
Form you use to file your taxes.
What is the 1040?
a reward, cash or otherwise, that a company gives to its shareholders, most often quarterly.
What is a dividend?
Due date to file your taxes.
What is April 15th?
Anyone who worked as an employee during the tax year will receive this...
What is a W2?
Future Value of $800, compounded annually at 6.6% for three years, rounded to the nearest cent.
What is $969.08?
You had deductions of $10.76, $32.75 and $18.75 for your last pay period and your gross pay was $187.75,so this would be your net pay...
What is 250.01?
Burr and Burton Academy’s mission is to educate students ___________ and ____________ for a life of responsibility, integrity, and service.
What is intellectually and morally?
This was the year BBA was founded.
What is 1829?
an amount subtracted from a total, such as taking expenses away from gross income for tax purposes to lower a tax bill
What are deductions?