Budgeting
set amounts of money ($ doesnt change) you pay at a specific due date
Fixed expense
Year to Date
AKA withholding taxes
W-4 FORM
credit is _______ money you have to pay back
borrowed
What is your favorite memory of high school?
Sievert
a written plan for your money
Budget
Name 2 types of mandatory deduction
Federal taxes, state taxes, FICA (SS, Medicare)
A W-4 Form determines how _________ are taken out of each check
deductions
this describes your credit history and financial responsibility
credit report
What makes your the most proud of yourself?
?
Advantage of a budget (name 1)
*Motivate you to pay off debt
*help acheive your financial goals
*provide peace of mind*
Paycheck is given to the _____, and paystub is given to_____
bank, me (you)
medical given after the age of 65
Medicare
Name one of the 3 credit agencies
Equifax, Transunion, Experian
What date and time is Graduation
June 5 at 4pm
gas for your car, haircuts, groceries and entertainment are examples of this...
Variable expense
The difference between net and gross pay
Gross= amount of $ before taxes
Net=$ after taxes are taken out
Define the IRS
Internal revenue service is the federal governments tax collection department
Name 2 ways to improve your credit score
pay bills on time, keep balances manageable, pay the minimum, apply for credit only when needed, dont apply for a lot of new accounts in short period of time
If you could go back to freshman year, what advice would you give yourself?
_____________
making unplanned purchases
Impulse buying
term used for a fixed amount of money aid to an empoyee to do a job.
Salary wage
someone who depends on another person for over half of their financial support.
dependent
Name 2 types of credit
Service, open, closed-end
What is the most important thing youve learned in high school?
*****