Salaries/Wages
What is the median income in the state of Pennsylvania?
$30,000 to $35,000
What exactly is insurance?
It is a legal agreement between the insurer and the consumer, where the consumer receives financial protection for losses that may or may not occur in the future.
What is the sales tax in the state of Pennsylvania?
It is 6%
What is the purpose of a W4 form.
To see how much should be withheld from you due to taxes.
What are Credit and Debit cards typically used for?
Credit cards are generally used for larger purchases, and debit cards are usually used for smaller purchases.
$7.25
Why is it important to have health insurance?
It helps cover the cost of visits with a local doctor/physician. It also helps cover emergency visits to the hospital.
What are things that may be taxed in Pennsylvania
Fuel
Soda
Baked goods
vitamin water
Shampoo/soap
What is a pay stub
A list of earning and deductions for a specific pay period.
How is your credit score calculated?
Its calculated by combining your payment history and the amount you owe.
What is the difference between a salary and a wage?
1. A salary is when you get paid the same amount regardless of how much you worked during your shift.
1.2. People with a salary typically get paid in higher amounts than those with a wage.
2. People with wages typically get paid hourly.
2.2. People with wages typically get paid based on how much time they spent during the work period,
Why is it important to have auto insurance?
1. It helps cover things like bodily injuries and damage to your vehicle and other peoples vehicles as well.
2. It is also illegal to drive without auto insurance.
What are three different types of taxes?
Property Tax, Income Tax, Sales Tax
What does it mean to get paid under the table?
It means that you mostly get paid with cash instead of an official pay check.
What's the difference between renting a house or apartment and receiving a mortgage?
Rent is where you pay to use property.
How much of a tip should you leave?
15% for average service
20% for above average service
What are the most important types of insurance?
What are taxes?
Taxes are a sum of money taken by the government to improve itself and other goods and services.
What's the difference between Gross pay and Net pay?
Gross pay is what you make before taxes and Net pay is what you make after taxes and other deductions.
What is the average rent in the state of Pennsylvania?
Is $7.25 the minimum wage in every state?
No, it is not.
What are 5 types of insurance?
Auto insurance
Health insurance
Life insurance
Home insurance
Travel insurance
Property Insurance
What are two services that taxes can improve?
Health programs like Medicare and Medicaid, and also social security.
Can you get paid under the table for your entire life?
No, because it is illegal not to receive tax deductions.
What is the average payment for a car in the state of Pennsylvania?
Between $700 and $725.