Budgeting
This is another name for "take-home-pay."
What is Net Pay?
This type of bank account is used to pay bills, deposit and withdraw money.
What is Checking Account?
This type of tax form is filled out before you start the job.
What is Form-W4?
These are the things taken out of your paycheck.
What is Deductions?
This is a plan for managing your money during a given time.
What is Budget?
These types of expenses are paid each month, and the amount if always the same.
What is Fixed Expenses?
This type of financial institution is owned by its members and usually offers better interest rates.
What is Credit Union?
This branch of government is responsible for collecting money for the federal government. (2 possible answers)
What is Department of Treasury / IRS?
These types of expenses are paid monthly, but the price is different from month-to-month.
What is Variable Expenses?
Most common type of endorsement. Also the least safest.
What is Blank Endorsement?
This type of pay is the pay you receive before deductions are taken out.
What is Gross Pay?
This is one way banks make their money.
What is Interest, fees, and other charges?
This type of tax rate increases as your income increases.
What is Progressive Tax?
This is a type of fee which you will be charged for if you try to take out more money from your checking account, than what you have in it.
What is Overdraft Fee?
This tax form is completed when you are filing your tax returns.
What is Form-1040?
These types of expenses are only paid once or twice a year.
What is Periodic or Occasional Expenses?
This type of endorsement is used when you want to transfer the check over to someone else.
What is Special Endorsement?
What is Form-1099?
FICA taxes include these taxes.
What is Social Security and Medicare?
This type of endorsement is used for when you only want to deposit the check into your account.
What is Restrictive Endorsement?
This is the budgeting plan where 50% of your income goes to expenses, 20% goes to savings, and 30% goes to wants.
What is the 50-20-30 Budgeting Plan?
This is a way to pay money online, use direct deposit, and access various accounts. Also known as EFT.
What is Electronic Funds Transfer?
This tax rate is the same for everyone, regardless of how much income you bring in.
What is Proportional Tax?
This corporation is in place to make sure your money in your bank account is insured up to $250,000.
What is the Federal Depository Insurance Corporation? (FDIC)
These are the 3 required taxes that are deducted from your paycheck, no matter what state you live in.
What is Federal Income Tax, S.S. Tax, and Medicare Tax?