History of Thanksgiving
How many days did the first Thanksgiving last?
Three
Retirement Savings Plan offered through an employer.
401(k)
Gross income minus payroll deductions for income taxes, FICA taxes and tithing.
Disposable income
The amount an employee is paid in a given pay period before any payroll deductions are taken out.
Gross pay
Checks not cashed when the monthly bank statement is received.
Outstanding checks
Location of the first recorded Thanksgiving in 1621
Plymouth
A lump sum deposited for a particular interval of time.
CD
A carefully designed projection of expected income and expenditures.
Budget
Social security and medicare are required deductions and considered what tax?
FICA
Compute interest on the sum of the principal and any interest accumulated to date.
Compounding interest
Yale and Princeton played this game in the first ever Thanksgiving Day match.
Football
Pays the present market value with regards to interest. May withdraw funds at any time.
Savings Account
As a Christian, what percentage of your gross income should you tithe?
10%
Wages are determined by taking the product of the number of items completed and the rate per item.
Piecework
Process of comparing your checkbook register to the bank statement.
Bank reconciliation
The purpose of the first Thanksgiving celebrated by the Pilgrims and Wampanoag as a result of the Wampanoag teaching the Pilgrims to harvest food.
Grateful for the blessings given by God.
Pays the present market value with regard to interest. Restrictions on transfer privileges.
Money Market
What percentage of your gross income should you budget for savings?
5%
A percentage of the dollar amount of sales is considered this type of plan.
Commissions
What does "EFT" stand for?
Electronic funds transfer
President who signed a bill in 1941 making the fourth Thursday of November the official day for Thanksgiving.
FDR
Deposits by the individual can be sheltered from income tax until the owner of the account retires.
IRA
What do you do when you have to spend more than you have budgeted because of an emergency?
Reduce the budget for discretionary expenditures.
What type of deduction from your paycheck is health insurance and 401(k)?
Voluntary
Restricted