Stewardship
This is the program for short-term mission trips that all students should plan on doing at least once while at MLC.
What is Daylight?
This is the type of taxes when everyone pays the same percentage of their income regardless of how much they earn per year.
What is a flat tax?
This is the legal contract outlining the terms for rented property.
What is a lease?
This is a form you complete every year to receive financial aid.
What is the FAFSA?
Stewardship is often explained as these three "T"s.
What are time, talent, and treasures?
This is the type of tax system the US uses to calculate income tax (several different percentages based on overall income).
What is progressive tax?
This is the person who is renting the apartment.
Who is the tenant?
This is the form your employer mails to you as a record of your salary/income information for the year.
What is a W2 form?
This is a low-cost event that almost all of our churches utilize to promote fellowship and a church family atmosphere.
What is a potluck?
Sales tax is an example of this form of taxation.
What is a regressive tax?
This is a prepaid amount to the landlord for damages that may occur.
What is a security deposit?
This is the form that requires 2 references when borrowing federal student loans.
What is the Master Promissory Note?
Giving our best to the Lord is also called this.
(Think Abel's offering.)
What is our firstfruits?
These are also considered "payroll taxes" and are either paid under FICA or SECA rules.
What are social security and medicare taxes?
This is another category of housing costs often billed directly from the company providing the service (such as electricity).
What are utilities?
This form allows you to adjust your federal tax withholding.
What is a W-4 form?
There is a major stewardship message in the book of this minor prophet.
(Referenced in the WELS article we read.)
Who is Haggai?
This is the percentage anyone that is self-employed or a Minister of the Gospel must pay to cover social security and medicare taxes.
What is 15.3%?
To make sure you can afford the housing cost, you should make sure your Front-End Ratio is below this percentage.
What is 30%?
This is a statement from your insurance company that shows the health care services you received and the amounts covered by your health plan.
What is an EOB or Election of Benefits?