Lesson 1 Earning Money
It's all the financial benefits of a position.
What is total compensation?
Payment left after all deductions are made.
What is net pay?
This date is the deadline for federal tax filing.
What is April 15th?
location, fees, access, and interest are all examples of…
What are banking basics?
Income that is not used...money set aside for the future
What is savings?
A payment that is paid weekly, every two weeks, or monthly deepening on the type of business
What is wage?
Money is taken out of pay
What is payroll deduction?
These help lower your tax bill.
What are tax credits?
Money that is deposited for future purposes
What are retirement accounts?
The amount of money that an individual or business earn
What is income?
When calculating how much a paycheck should be, you should always start with the _____ ___,
What is wage?
Children and people who need help to live.
What are dependents?
This crime involves lying on your tax return.
What is tax fraud?
It is important to keep an eye on your money
What is managing personal accounts?
A list of planned expenses and income
What is a budget?
Those who work for themselves are ____________ , they get paid directly from the customers.
What is Self employed?
Health insurance and retirement account payments.
What are things taken out of gross pay?
Taxes are paid on these two types of income.
What is earned and unearned income?
The benefit of a certificate of deposit?
What is the Interest Rate?
Money that is owed
What is debt?
The self employed are responsible for making sure that all of the appropriate _____ and costs are taken out of their paychecks.
What is taxes?
Statement of gross pay.
What is a Pay stub?
You need these to file your taxes.
What are personal information, income documents, and tax payment records?
What are the distinguished features of a money market instrument
What is more interest than savings accounts?
A way to buy now and pay later
what is credit?