Types of Insurance
Coverage
Insurance vs. Taxes
Types of Taxes
IRS
100
This is dental insurance
What is insurance for your teeth?
100
This is coverage.
What and how much is covered by insurance?
100
It is when you file once a year with the IRS
What is 1040 EZ?
100
This is unemployment tax.
What is it called when you get laid off work but you are still receiving a salary?
100
It is Internal Revenue Service
What the the definition of I.R.S?
200
This is auto insurance.
What insurance is for when you get in a car accident?
200
This is the insurer.
Who is the company giving coverage?
200
It is males ages 16-25.
What is the riskiest group of the premium?
200
This is sales tax.
What is the tax added to your purchase at a store?
200
It is a form you fill out one time when you start a job
What is W-4?
300
This is medical insurance.
What covers injuries?
300
This is the insured.
Who is the person covered by insurance?
300
It is money deducted from your paycheck
What is deductions?
300
It is disability tax
What is the receive taxes when you have a missing ligament?
300
You receive annually from your employer
What do you get from W-2?
400
This is life insurance.
What is needed when someone passes away?
400
This is premium, deductible , coverage.
What are the three main terms?
400
It is a portion of the claim the insurance wants you to pay.
What is co-pay?
400
It is medicare tax
What is tax when you go to the hospital?
400
It is when you pay before deductions and withholding.
What is gross pay?
500
This is business insurance.
What does the owner have to have if there is an employee whom gets injured?
500
This is terms.
What is the agreement between the insurer and the insured?
500
It summarizes earnings, deductions, and taxes withed.
What does W-2 summarize?
500
It is state income tax
What is the tax that the state sends out?
500
It is when your employer withholds taxes and sends them to the IRS.
What is withholdings?