An account at a bank that allows a person to draw his or her money by writing checks or by using an ATM or debit card.
What is a checking account
100
An account in a bank, used to keep money, on which interest is usually paid.
What is a savings account
100
A tax you pay on the money you earn.
What is income tax
100
Helps you pay for loss.
What is insurance
100
Balance is $984.23, debit of $122.16, credit of $530.52. The amount of the new balance.
What is $1392.59
200
The line on a check that does not need to be filled out.
What is memo
200
When you put money into a savings account.
What is a deposit
200
The form that tells your employer how much money you want withheld from your paycheck for taxes.
What is a W-4 Form
200
Yearly sum paid to an insurance company.
What is a premium
200
The amount of interest earned on $500 at .5% after one year.
What is $2.50
300
You can use this card as a credit card.
What is a debit card
300
The money a bank pays an account holder for keeping money in a savings account.
What is interest
300
IRS stands for
What is Internal Revenue Service
300
The 4 types of insurance covered in the packet.
What is car insurance, property insurance, life insurance and health insurance
300
The amount of money you will have after 3 years when you start with $1000 with annual interest rate of .9%.
What is $1027.24
400
This is where you write the transactions for your checking account.
What is a check register
400
The kind of savings account where your deposit will earn the most money.
What is an account with a high interest rate that is compounded often
400
The easiest tax form to file.
What is the 1040EZ form
400
This type of coverage pays for accident damages to your car.
What is collision coverage
400
The net income when you have a gross income of $22,540, pay $2662 in federal tax, $1397.48 in social security tax, $326.83 in medicare tax and $1127 in income tax.
What is $17,026.69
500
A fee charged for a certain service.
What is a service fee
500
When a bank adds interest to an account.
What is compounding
500
Your total income after taxes are taken out.
What is net income
500
The percentage of an appraiser's estimate to insure your house for and the percentage of the house insurance to insure the things inside your home for.
What is 80% and 50%
500
The amount of life insurance if John's salary is $38,400 a year.