Pay & Wages
Taxes 1
Taxes 2
Budgets
Bank Services
100
The total amount you earn before any deductions are subtracted. Computed = (hourly rate) X (hours worked) (Net Pay, Gross Pay, Overtime Pay)
What is ... Gross pay
100
The income on which you pay tax. (Taxable income, gross income, disposable income)
What is ... Taxable Income
100
An amount subtracted directly from the tax owed. (Tax rate, tax bracket, tax credit)
What is ... Tax credit
100
A spending and saving plan based on your expected income and expenses. (reconciliation, budget, financial plan)
What is ... Budget
100
A written order to a bank to pay the stated amount to the person or business (payee) named on it. (overdraft, check, endorsement)
What is ... Check
200
The time worked byond the regular hours; usually more than 40hours in a five-day period. This is usually paid at 1.5 times your hourly rate. (Gross pay, Overtime pay, Incentive pay)
What is ... Overtime pay
200
All taxable income received, including wages, tips, salaries, interest, dividends, unemployment compensation, alimony, and so forth. The amount of income before any deductions are applied. (Disposable income, Revenue, Gross income)
What is ... Gross Income
200
Income ranges to which tax rates apply. (Tax credit, tax bracket, taxable income)
What is ... Tax brackets
200
A set of goals for spending, savng, and investing the money you earn. (financial plan, budget, reconciliation)
What is ... Financial Plan
200
A check that bears the bank's stamp, indicating it has cleared. (Money has been removed from your account) (assets, canceled check, overdraft)
What is ... Canceled Check
300
This is the amount of pay left after all deductions have been taken out of gross pay. This is the actual amount of your check (Net pay, gross pay, overtime pay)
What is ...Net pay
300
Money collected by the government from residents and businesses in the form of taxes. It is taxes to the people, but to the goverment it is _____________. (Taxable income, revenue, standard deduction)
What is ... Revenue
300
An amount you may subtract from your income for each person who depends on your income to live. (Exemption, Liability, Endorsement)
What is ... Exemption
300
Costs that vary in amount and type, depending on events and the choices you make. (fixed expenses, liabilities, variable expenses)
What is ... Variable expense
300
A booklet used to record checking account transactions. (reconciliation, bank statement, checkbook register)
What is ... Checkbook register
400
Money offered to encourage employees to strive for higher levels of performance. (Overtime pay, disposable income, incentive pay)
What is ... Incentive pay
400
A stated amount that you may subtract from adjusted gross income instead of itemizing your deductions. (itemized deduction, fixed expense, standard deduction)
What is ... Standard deduction
400
The income on which you pay taxes. May not be all of the money you earned; earned income minus deductions. (gross income, net income, taxable income)
What is ... Taxable income
400
Costs you are obligated to pay at specific time, regardless of other events. Examples: rent, car payment. (variable expenses, assets, fixed expenses)
What is ... Fixed expenses
400
A check written for more money than your account contains. (check, liability, overdraft)
What is ... Overdraft
500
Amounts subtracted from gross pay. Includes taxes, insurance, social security. (Benefits, Liabilities, Deductions)
What is ... Deductions
500
Willful failure to pay taxes. (tax evasion, tax credit, tax bracket)
What is ... Tax evasion
500
The result of adjustment subtracted from gross income. (taxable income, disposable income, adjusted gross income)
What is ... Adjusted Gross Income
500
The money left to spend or save after taxes have been paid. (disposable income, taxable income, overdraft)
What is ... Disposable income
500
The process of matching your checkbook register with the bank statement. (review, reconciliation, endorsement)
What is ... Reconciliation
M
e
n
u