Money
Paper Money and Coins
Cash
Money paid to an employee for work done, usually given on an hourly basis.
Wages
Colleges may offer this (On-Campus) Job as part of a financial aid package.
Work Study
Required payments to the government
Taxes
Ancient Mesopotamians used these things to pay their taxes.
Livestock and Labor
Money received in the form of wages, salary, interest or return on investment.
Income
Money allows a price to be assigned to everything in an economy.
Unit of Account
Monetary Gifts
Grants
You are not required to pay this tax if you make less than $10,150 a year.
Federal Income Tax
NMI stands for?
Net Monthly Income
Money paid to an employee for work done. Usually given on a bimonthly or annual rate regardless of hours worked.
Salary
Money set aside for future use. Often in a bank account.
Savings
Usually based on qualities such as academic, artistic or athletic ability.
Scholarships
7 States do not have this type of tax
State Income Tax
This tax is based on greenhouse gas emissions
Carbon Tax
Money set aside to use in a venture or opportunity that offers the possibility of increased value.
Investment
Money earned or paid for the use of someone else's money
Interest
Funds that are borrowed and need to be paid back, usually with interest.
Student Loans
This Deduction is taxed at 1.45 percent on all income
Medicare
Taxes that are applied across the board
Regressive Taxes
Money received as payment for a job completed
Earnings
Money is anything that people are willing to assign value to and accept as payment
Medium of exchange
A savings plan that offers tax-deferred growth potential and tax-free with drawls for qualified college expense.
529 Savings Plan
These are provided to employees over and above salaries.
Employee Benefits
A system in which individuals pay more in taxes as they make more income.
Progressive Taxes