Types of insurance
Insurance terms
Other
Taxes
Tax Term
100
THIS is the insurance that pays for the doctor.
What is medical insurance?
100
THIS is the money you pay every month for the insurance.
What is a premium?
100
How much will you pay if the Car repair bill was $3000 and the insurance pays $2500?
$500
100
THIS is what you pay when you buy things at a store.
What is sales tax
100
It is a form you fill out one time when you start a job.
What is W-4
200
THIS is the insurance that pays for you car bills.
What is auto insurance?
200
This is the the money that the insurance company pays
What is coverage
200
How much does the insurance company pay if the medical bill was $1000 and you paid $100?
$900
200
THIS is what you pay when you get your paycheck
What is income tax
200
It is a form that your employer gives to you annually.
What is W-2
300
This is the insurance that pays for and damage to your home
What is homeowner's insurance
300
THIS is when you pay a portion of the claim and the insurance company pays the rest.
What is a co-pay?
300
This is what you get when the amount of taxes you paid was higher than the amount that you owed.
What is a tax refund
300
This is what you pay if you make a profit on an investment.
What is Capital gains tax.
300
It is a form that fill once a year with the IRS
What is 1040EZ
400
THIS is the insurance that makes sure one person in your family is financially secure when you die.
What is life insurance?
400
THIS is the amount the insurance company wants you to pay before they start paying.
What is a deductible?
400
What do you do if the amount of taxes you pad was less than the amount you owed?
Pay more
400
This is the Govt agency that collects taxes
What is IRS
400
This is your pay BEFORE deductions and withholding
What is Gross Pay
500
This is the insurance that pays for most items in your home.
What is renter's insurance
500
This is when you ask the insurance company to pay for something that happened
What is a Claim
500
How much money would you get back if you paid $4000 in taxes but you owed $3000
$1000
500
This is the date when all taxes are due
What is April 15
500
This is the part of your paycheck that is left After deductions and withholding.
What is Net Pay.
M
e
n
u