New Job Paperwork
This form must be filled out by all new employees to determine their tax withholding.
What is the W-4 form?
A financial institution that allows individuals to deposit money, take out loans, and manage their finances.
What is a bank?
This type of financial institution offers a wide range of services, including checking and savings accounts, but typically focuses on profits for shareholders.
What is a traditional bank?
This is a type of savings plan where you contribute money regularly, and the bank pays you interest over time.
What is a savings account?
The form you use to file your income tax return with the IRS.
What is Form 1040?
This document shows how much a person earned and how much tax was withheld during the year
What is the W-2 form?
This type of account allows customers to earn interest on their deposits but typically requires higher minimum balances.
What is a savings account?
This type of bank is owned by its members and often offers lower fees and better interest rates than traditional banks.
What is a credit union?
A strategy to reduce expenses by avoiding unnecessary purchases.
What is budgeting?
The percentage of your income that is withheld by your employer for federal income taxes.
What is the federal income tax rate?
When starting a new job, an employee must provide this, which verifies their identity and eligibility to work in the U.S.
What is the I-9 form?
When you sign a document at the bank to allow someone to take money from your account, this is called a(n).
What is a check?
This type of bank operates entirely online, allowing customers to perform banking tasks like transferring money, paying bills, and setting up automatic savings deposits without ever visiting a branch.
What is an online bank?
This strategy involves setting aside money directly from your checking account to ensure savings happen automatically, without needing to think about it.
What is setting up an automatic savings account deposit?
This is the form that reports the income you earned as an independent contractor or self-employed individual.
What is Form 1099?
This form is used by employees to set up automatic contributions to their retirement savings account, often offered through their employer.
What is the 401(k) enrollment form?
This type of bank account allows you to make deposits and withdrawals, but it doesn’t earn much interest.
What is a checking account?
This type of savings account offers higher interest rates but generally requires that the money stay in the account for a fixed period and imposes a penalty for early withdrawal.
What is a Certificate of Deposit (CD)?
This practice involves planning your spending ahead of time and ensuring that your expenditures don’t exceed your income.
What is a budget?
This term refers to the amount of income that is not subject to federal tax, such as deductions and exemptions.
What is taxable income?
This form allows an employee to have their paycheck automatically deposited into their bank account.
What is the direct deposit form?
This service allows you to withdraw cash from your bank account at locations other than your bank, often with a fee.
What is an ATM (Automated Teller Machine)?
This savings account provides easy access to funds but typically offers lower interest rates compared to other savings options.
What is a traditional savings account?
This financial tool involves setting aside a portion of your income for unexpected costs.
What is an emergency fund?
These are the rates at which income is taxed, with higher rates applying to higher income brackets.
What are marginal tax rates?