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?
The review of financial records and statements to make sure the information is accurate as reported.
What is an Audit?
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?
A period of slow or no economic growth.
What is a Recession?
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?
A software program you can use to plan your budget.
What is a Spreadsheet?
A financial obligation that requires future payment.
What is Liability?
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?
The different types of expenses.
What is Fixed, Variable, Discretionary?
Behaving with sensitivity to social, environmental, and economic issues.
What is Social responsibility?
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?
A personal financial strategy that can help you save money.
What is Pay yourself first?
A written record of an individual’s current financial situation.
What is A Net Worth Statement?