Government Spending
The place you contact months in advance to get retirement benefits.
What is The Social Security Administration?
One is money added to an employee’s base pay. The other is money paid for service beyond what is required.
What is Bonus & Tips?
Marginal analysis is a powerful __ tool.
What is Decision-Making?
What you do in order to plan your money.
What is Budget?
A payment made to an individual from the federal government through various social benefit programs.
What is a Transfer Payment?
Fixed payment for work, and is expressed as an annual figure
What is Salary?
The process of choosing a course of action after evaluating available information and weighing the costs and benefits of alternative actions and their consequences.
What is Systematic decision-making?
An organization that aids those in need, such as the homeless or victims of natural disasters
What is Charity?
Imposes a higher tax rate on those with higher incomes.
What is Progressive Tax?
Income paid as a percentage of sales made by a salesperson.
What is Commission?
A method of weighing the costs against the benefits of an action, a purchase, or a financial decision.
What is Cost-Benefit Analysis?
The different types of expenses.
What is Fixed, Variable, Discretionary?
A federal program that provides income when earnings are reduced or stopped because of retirement, serious illness or injury, or death.
What is Social Security?
The total FICA tax percentage paid by the employees.
What is 7.65 percent?
Having the ability to understand basic topics related to finance, such as wisely making, spending, and saving money.
What is Financial competence?
A personal financial strategy that can help you save money.
What is Pay yourself first?
The year that Medicaid was added to the law on social security.
What is 1965?
A wage based on a rate per unit of work completed. For example, garment workers may be paid by the number of garments completed. The total must add up to at least the minimum wage.
What is Piecework?
The law says that the marginal benefit of using each additional unit of something tends to decrease as the quantity used increases.
What is the economic law of diminishing marginal utility?