Education, trades, graphic design, marketing, business industry.
What are career choices?
The summary of your bank records that is sent to you each month.
What is a bank/account statement?
The process of comparing your checkbook register to the account statement from your bank.
What is reconciliation?
The health insurance program set up by the government for the elderly.
What is Medicare?
True or False: You receive the same benefits no matter where you work.
Communication, teamwork, honesty, integrity, and ability to lead.
What are examples of interpersonal/soft skills?
True or False: All banks charge a service fee.
Checks that have been written out but have not been cashed/deposited by the recipient.
What are outstanding checks?
True or false: Citizens pay the same tax no matter what state they live in.
Answer: False.
The money you actually have to save, invest, spend or give away.
What is take-home pay?
True or False: Your first career will most likely be the career you retire in.
Answer: False.
The number required to make a debit card purchase. Must say acronym and full phrase.
What is Personal Identification Number (PIN)?
The area on your checkbook register used to identify what a transaction was for.
What is the memo line?
The money citizens pay to support the military, fund social security/medicare, and fund social programs.
What is federal income tax?
The charge you receive when you write a check without having the money in your account. Must say the acronym and full phrase.
Non Sufficient Funds Fee (NSF Fee)
What is the top factor in helping you achieve your financial goals?
Answer: Your career choice.
When can you use the money from a deposited check?
Answer: When the check clears, usually 3-7 business days.
The safest way to endorse a check.
What is a restrictive endorsement?
What are employee voluntary deductions? *NAME TWO*
Retirement, health insurance, life insurance, charity.
Mandatory employee payroll deductions *NAME TWO*
What are federal income tax, state income tax, medicare, and social security.
How do you find your net pay?
Answer: Subtract all deductions (federal/state income tax, medicare, social security) from your gross pay.
What does FYI mean in a financial institution?
Answer: Financing Your Investments
Explain how to endorse a check with a restrictive endorsement.
Answer: “For deposit only, John Smith”
The tool that decides how much tax a person needs to pay. Example: the more money you make, the higher tax you will pay.
What is a tax bracket?
Benefits you receive from working other than a paycheck. *NAME THREE*
What are vacation, sick pay, health insurance, retirement, workman’s comp, tuition reimbursement.