Banking
A plan for making and spending money
Budget
a benefit that provides employees with pay for time when they are not working (vacation time)
Paid time off (PTO)
Payment option that takes money out of the bank immediately
Debit card
Money paid to the Federal, State, and Local governments for schools, parks, roads, emergency services, etc.
Taxes
Insurance that ensures that your beneficiary will be protected if you die
Life insurance
Cards used to make purchases with money borrowed directly from a bank. You must pay this money back with interest if you don't pay in full by the due date.
Credit cards
Compensation in forms other than direct payment (health insurance, paid time off, disability insurance, retirement plan)
Benefits
Payment option that is a form of borrowing money that has to be paid back later.
Credit card
Describes your tax-filing group which is based on your marital status
Filing status
Protects you and other drivers on the road. Most states require this form of insurance.
Auto or car insurance
A type of financial institution that typically requires membership.
Credit union
Take home pay; the amount of a paycheck after all taxes and deductions have been taken out of your paycheck
Net pay
The price of a single item within a group of items
Unit price
A tax form filled out by an individual and filed with the IRS that determines the amount of income tax owed in a single year
1040
Provides money to pay for health care for illness or injury.
Health insurance
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.
Debit card
The total amount of an employee's earnings before deductions are taken out.
Gross pay
Payment option that could have interest charged to you
Credit card
A form your employer will send you that tells you how much you've made and how much you've paid in taxes in the last year; you will use this to fill out your tax return
W-2
Money that replaces some of your lost income if you are injured or sick and can't work
Disability insurance
Something that occurs when money is withdrawn from a bank account and the available balance goes below zero.
Overdraft
A flexible market that allows you to work short-term independent jobs.
Gig economy
Deceptive business practices that cause consumers to suffer financial or other losses
Consumer fraud
A federal tax form filled out by an employee to indicate the amount that should be withheld from his/her paycheck for taxes.
W-4
Amount of protection you're eligible to receive from your insurance plan
Coverage