Week 1
The amount of money after all deductions
What is Net Income?
The amount of money available in a bank account.
What is an Account Balance?
An account at a bank that allows you to deposit or withdraw money.
What is a Checking Account?
The lowest wage permitted by law.
What is Minimum Wage?
A specific amount of pay regardless of the number of hours worked.
What is a Salary?
A payment card that deducts money directly from your bank account.
What is a Debit Card?
Signing the back of a check to receive money from another party.
What is Endorsing a Check?
The amount of money placed in a bank account.
What is a Deposit?
Time worked beyond ones scheduled working hours.
What is Overtime?
The act of removing money from an account.
What is a Withdrawl?
A rate charged on loaned money.
What is Interest?
A company that covers the cost of health expenses.
What is Health Insurance?
Employees paid at this rate are eligible for overtime pay.
What is an Hourly Income?
A payment card that charges interest for borrowed money.
What is a Credit Card?
A retirement savings plan to set aside money before taxes.
What is a 401(k)?
A percentage of money paid to the government and used to finance public services.
What are Taxes?
The total amount of money earned before deductions, such as taxes.
What is Gross Income?
The state of owing money.
What is Debt?
The cost of membership to belong to an industry organization.
What are Union Dues?
A 3-digit number that estimates how likely you are to repay borrowed money.
What is a Credit Score?