Taxes Vocab
This form shows your yearly wages and taxes withheld from a job.
What is a W-2?
This document lists your education, skills, and work experience.
What is a resume?
A place where people deposit and save money.
What is a bank?
A plan for how to spend and save money each month is called this.
What is a budget?
This number represents how trustworthy you are with borrowing money.
What is a credit score?
This number helps identify taxpayers to the government.
What is a Social Security Number?
This short message sent with a resume explains why you want the job.
What is a cover letter?
This type of account is commonly used for everyday spending.
What is a checking account?
Money left after expenses are paid is called this.
What is savings/disposable income?
Money borrowed to buy a car or home is called this.
What is a loan?
Money taken out of your paycheck for taxes before you receive it is called this.
What is withholding?
Employers often ask for these people who can speak about your work ethic.
What are references?
Money earned from keeping savings in an account is called this.
What is interest?
A cost that stays mostly the same each month, like rent, is this type of expense.
What is a fixed expense?
The cost of borrowing money, usually shown as a percent, is this.
What is interest rate/APR?
This form is used by self-employed workers to report income taxes.
What is a 1099 form?
This interview question asks you to describe a challenge you solved.
What is a behavioral question?
This card lets you borrow money that must be paid back later.
What is a credit card?
The 50/30/20 rule says 20% of income should go here.
What is savings or debt repayment?
Missing payments can cause this legal loss of property, especially homes.
What is foreclosure?
This term means legally lowering taxes through deductions and credits.
What is tax avoidance?
This resume problem happens when false skills or experience are listed.
What is resume fraud/lying on a resume?
This protection keeps bank deposits safe up to limits if a bank fails.
What is FDIC insurance?
Spending more money than you earn creates this financial problem.
What is a deficit?
This loan payment system pays equal monthly amounts of principal and interest over time.
What is amortization?