Tax forms
w4
Taxes paid by employees to federal and state government through a direct deduction from their paycheck
income tax
a combination of Social Security and Medicare taxes that equal 15.3% of your earnings.
FICA Taxes
A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy
A Claim
The coverage under renters insurance will cover the costs of the following items EXCEPT:
damage to the building
Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes,”
Benjamin Franklin
to listen secretly to a private conversation.
eavesdropping
w2
Someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes
dependent
The main weakness of our nations first national government, the ________ of ____________, was that it did not have the power to levy ________
The amount of money you agree to pay towards your losses before your insurance coverage will begin paying
Deductible
A type of insurance paid to an individual if they are injured and unable to work for a specified length of time
Disability insurance
You must be the change you wish to see in the world.
Mahatma Gandhi
It's the fear of spiders... multi-legged, creeping, sometimes venomous spiders
arachnophobia
1040 from
The portion of an employee's wages that is not included in their paycheck because it goes directly to federal, state and local taxes
Witholdings
Tax designed to take a larger percentage of income from the wealthy than the poor.
Progressive Tax
The specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time
Premium
Which type of insurance is likely to be the lowest priority for a single, working, 24-year-old?
Health insurance, Disability insurance Life insurance, Auto insurance
Life insurance
“Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do.”
Steve Jobs
This kind of doctor treats diseases of the hair & nails as well as skin
dermatologist
1099
A tax paid on purchases of a specific good, like gasoline or cigarettes
Excise tax
Sales tax is an example of a _________ __________
Regressive Tax
A fixed amount of money you pay each time you use your plan
Copay
What is typically not covered on your average renters insurance
Natural disasters, like floods and earthquakes
Darkness cannot drive out darkness: only light can do that. Hate cannot drive out hate: only love can do that
Martin Luther King Jr.
In geometry this distance has been called a special case of perimeter
circumference
I-9
A ___________ deduction dollar amount that reduces your taxable income, specifically for individuals who do not receive additional benefit by itemizing their deductions into medical expenses, donations, etc.
Hint: $13,850
Standard Deduction
The income tax was created by this amendment
The 16th
Auto insurance that protects you against another driver not having enough coverage to pay the entirety of your losses
Uninsured/Underinsured Coverage
is a health plan with a “preferred” network of providers in your area. You do not need to select a primary care physician and you do not need referrals to see a specialist. Hint: Acronym
Preferred Provider Organization
I've learned that people will forget what you said, people will forget what you did, but people will never forget the way you made them feel.
Mya Angelou
What a wonderful woman. RIP
This adjective means having only one color
monochromatic