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Insurance Vocab
What Type of Insurance Should Zuri Use?
Tax Vocab
Tax Forms
Types of Taxes
100
This is what and how much is covered by Insurance.
What is Coverage
100
Zuri has a best friend Robbie, Who is a boxer, Zuri offered to help Robbie improve his punches. While They were training Robbie got excited and punched her in the upper jaw, knocking out 6 of her front teeth. What type of Insurance will cover Zuri's injuries
What is Dental Insurance
100
Your pay before deductions and withholding.
What is Gross Pay?
100
A form you fill out one time when you start a job.
What is the W-4 form?
100
When you shop at a store you pay this type of tax.
What is Sales Tax?
200
This is an agreement between the insurer and the insured
What are the Terms?
200
During Football practice Zuri's contacts scratches up her eye, the damage is not to severe, but the doctor has referred her to an optometrist. What type of Insurance will cover Zuri's expenses?
What is Vision Insurance
200
Money Deducted from you paycheck
What are deductions?
200
A form you receive annually from your employer. This form summarizes earnings and withholdings for the year.
What is the W-2 form?
200
When you make a profit on an investment you pay this type of tax.
What is Capital Gains tax?
300
This is the monthly cost of insurance.
What is a Premium?
300
Zuri was driving down the 91 and swerved into a cement truck, the truck did not suffer much damage, but Zuri's little BMW has been damaged. Zuri will use this Insurance to cover the damage.
What is Auto Insurance?
300
Your employer withholds taxes and sends them to the IRS.
What is withholding?
300
A form you file once a year with the IRS.
What is the 1040EZ ?
300
When you receive a paycheck this type of tax has been deducted.
What is Federal Income Tax?
400
The amount you must pay before your insurance kicks in.
What is the deductible?
400
Zuri was playing with fireworks and blasted her legs off.She will be out of work for at least six years, this type of insurance will allow Zuri to provide for herself until she is able to work again.
What is Disability Insurance?
400
The part of your paycheck that is left after deductions and withholding.
What is Net Pay/ Take Home ?
400
The money you receive back after filing your taxes.
What is a Tax Return?
400
When your are suffering from a severe health condition, and are unable to afford health care services, there are people who pay this type of tax, so you can receive the necessary medical attention.
What is Medicare Tax?
500
This is what one asks insurance to pay because something happened.
What is the claim
500
It is the middle of the night and Zuri is fast asleep, little does she know that a thief is lurking down stairs and stealing her most prized possessions. This insurance will protect the valuables she has been robbed of.
What is Homeowner's Insurance?
500
Government agency that collects taxes.
What is the IRS?
500
The form that is due by April 15 for previous year.
What is a 1040EZ
500
Linfeersha was laid off of her cow tipping job and will no longer be able to provide for her and her family. You pay this kind of tax, so people like Linfeersha can survive until they are able to get back on their feet.
What is Unemployment Tax?