banking
Tax Time
when you turn 18
credit
vocabulary
100
form you complete at the bank when you you want to put money in your account
What is deposit slip
100
One of two things that will happen after you file your taxes--it can be give or take
What is a refund or payment due
100
If you're released and turn 18 by the 1st Tuesday this November, you'll be able to do this
What is vote
100
When somebody extends money for you to buy items now, and pay for it later
What is credit
100
This character pillar involves helping people in your neighborhood is called this
What is citizenship
200
when you take money out of your account, it's called this
What is withdrawal
200
children are considered these when one files his/her taxes....you really don't subtract them
What are deductions
200
In Hawaii and California, they change the age of this from 18 to 21
What is smoking
200
When you use this card to pay, the money comes out of your checking account immediately
What is debit card
200
this is what you earn before they take out taxes
What is gross
300
When you borrow money from the bank to get a car or home, it's called this
What is a loan
300
This is the form you complete when you start a new job..it tells the employer how much tax to take out
What is W-4
300
This ss isn't social security: it's something every male must register for when he turns 18.
What is selective services
300
When you don't pay your credit statement in full, this is extra money they charge to your account. it's usually 19%, or 21%
What is interest
300
this is what you earn after they take out taxes
What is net( net pay)
400
what the bank asks for to secure a loan
What is collateral
400
This form is mailed to you from the employer. It verifies the amount of taxes held, and you'll need it when you file your income tax.
What is W-2
400
As soon as you turn 18, you'll need to fill out these forms to keep your record sealed. The technical name is this
What is expunged
400
This is a way to account for your expenses monthly...some people do it weekly
What is budget
400
This terms means: it's what you pay someone above their fee--usually a waiter/waitress
What is tip
500
two ways you can save earning through the bank
What are: ira, money market account, cd's, savings account, bonds
500
This is the form you complete when you file your taxes
What is 1040EZ
500
When you refuse to help pay for your child, the court/judge will put this on your paycheck. The three word name is this
What is "garnish your wages"
500
When your debt exceeds what you earn, you may have to file for this in court
What is bankruptcy
500
Usually sales people earn money this way: they're given a percentage of what they sell
What is commission
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