How
To
Understand
Your
100

You can deposit your money in the __________ to keep it safe.

What is a Bank?

100

Many employers offer these in addition to your pay.

What are benefits?

100

You can join this and become a member, which is an alternative to a bank. Madison has 2 or three of these.

What is a credit union?

100

Another name for paper money.  You must do this to your paycheck in order to us the money you get.

What is cash?

200

Employers prefer you to use ___________deposit to have your paycheck automatically added to your bank account.

What is direct deposit?

200
Some banks charge a __________to cash a check or use the ATM.

What is a Fee?

200

The acronym for Federal Insurance Contributions Act is _____________.

What is FICA?

200

This is the total amount of your pay.

What is gross pay?

300

Some if not most employers will give a ___________offer to your retirement savings.

What is a matching offer?

300

This is your pay after all deductions have been taken out. Also known as your take-home pay.

What is net pay?

300

Your pay _________shows your gross pay minus all your taxes, etc... taken out.

What is a pay stub?

300

A pay____________is the money you get for doing your job.

What is your paycheck?

400

What is the money you must pay to the government such as FICA, state tax, etc.... called?

What are taxes?

400

Your employer will _______________taxes and other costs from your paycheck.

What is deduct?

400

Some or most employers offer ________insurance as a benefit to employees.

What is health insurance?

400

A ____________ account is to help you prepare for your future.

What is a retirement account?

500

___________ is a form the government gives you at the end of the year that says how much you earned during the year.

What is a W-2?

500

To ___________is to subtract money from your paycheck.

What is withhold?

500

This form is completed by employees and given to their employer so their employer can withhold the correct federal income tax from the employee's pay.

What is a W-4?

500

Employees' full name, address, social security number, and phone number are known as _____________information.

What is personal information?

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