Pay & Earnings
What is gross pay?
Money earned before deductions.
What type of expense is rent?
Fixed expense
Which bank account is mainly used for everyday spending?
Checking account
Insurance that pays for injuries or damage you cause to other people.
Liability Insurance
0.5 kg = ? g
500 g
Convert 25% to a decimal.
0.25
What is the mostly cost in the budgeting chart
Housing
What is an overdraft fee?
A fee charged for spending more money than available in an account.
Insurance that pays for damage caused by events like theft, fire, or storms.
Comprehensive Coverage
3000 m = ? km
3
An employee earns $15/hour and works 40 hours. What is gross pay?
$600
A jacket costs $80 and is 25% off. What is the sale price?
$60
What is the purpose of reconciling a bank account?
To compare bank records with personal records for accuracy.
Protection that pays for damages if the other driver has no insurance.
Uninsured Motorist Coverage
15 yard = ? ft
45 ft
An employee earns $18/hour and works 45 hours. Overtime is time-and-a-half. What is gross pay?
Total: $855
Which is the better unit price?
18 oz cereal
When payroll deposits into your account without you having to go to a bank
Direct Deposit
The fixed amount you pay for a medical service (such as a doctor visit)
Copay(Copayment)
8 cups = ? quart
2 quart
Gross pay is $900. Deductions total $180. What is net pay?
$720
Income is $2,500/month and expenses are $2,750/month. Surplus or Deficit?
Deficit
Checks that do not appear on the statement
Outstanding Deposits
Sarah has a hospital bill of $4,000. Her plan has a $1,000 deductible and a 20% coinsurance rate. Assuming she has not paid anything toward her deductible yet this year, what is her total out-of-pocket cost for this bill?
$1,600
1.2 m = ? mm
1200