Income
This is a fixed amount of yearly income, typically paid to an employee either monthly or biweekly
What is a salary?
What is 12% of $72,000?
$8640
This is a plan in dollars for the wise use of money.
Budget
This is an amount of money that renters pay ahead of time for any potential damage
Security Deposit
Protection that would pay for repairs for a certain period of time after you buy the car.
Warranty
This is an amount of money given to someone, such as a waitress or hairdresser, as appreciation for a service
Tip
This is a benefit paid to retired Americans over 65 years old. It is 7.65% of earnings.
Social security
This is when you make adjustments to ensure that your sum of your expenses equals the sum of your earnings.
Balancing
Renters also are required to sign THIS, a contract between the landlord and tenant.
Lease
Selling your old car to the dealership as part of your payment.
Trade-In
This is the amount of income left after deductions
Net income
This form is sent to employees by employers at the start of the year. It tells employees how much they earned the year prior and how much they paid in taxes.
W-2
This is a schedule for every hour of the day
Time budget
an agreement between you and the lending agency that states that if you do not make your agreed payments, they will claim the home (when getting a loan to buy a house)
Mortgage
An amount paid to officially record or register your car
Registration Fee
Jon makes $35 an hour at his software engineering job. If he works 40 hours this week, how much does he make before taxes?
$1400
What is 7.65% of $90,000?
$6885
True or false? Christians should always tithe, no matter the circumstance
True
True or false? Tenants own the property and landlords pay to live there
False
How much will you pay in sales taxes (10%) if the cost of the item is $15,000?
$1500
If Jon makes $35 an hour for regular time, how much per hour would he make in time-and-a-half overtime hours?
$52.50
This income tax form is recommended for people with no dependents, who are under 65, and cannot itemize any deductions.
1040-EZ
The Kim family budgeted 25% of their annual income of $40,250 for housing. How much did they budget for housing?
$10,062.50
How much you need to pay for a downpayment if the home is worth $324,000 and you are asked for a 15% downpayment?
$48,600
How much you need to pay for a downpayment if the home is worth $24,000 and you are asked for a 12% downpayment?
$2880