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Premium
Types of Insurance
EXTRA on insurance and taxes
Types of Taxes
Tax Forms
100
The monthly cost of insurance.
What is premium?
100
THIS protects you from unexpected car insurance
What is car insurance?
100
THIS government agency collects taxes.
What is IRS or Internal Revenue Service?
100
THIS tax is charged by the federal government to everyone who earns money.
What is Federal Income tax?
100
THIS form allows your employer to take part of your paycheck as taxes and send it to the IRS.
What is the W-4?
200
The amount of times you have to pay premiums payments?
What is monthly?
200
THIS protects you from paying for damages in the case of a burglary, fire, or other incident at your home.
What is homeowner's insurance?
200
THIS are due on April 15.
What is 1040EZ tax return?
200
THIS tax is paid in some states based on how much money you earn annually.
What is State Income tax?
200
THIS form summarizes your earnings and withholding for the year.
What is the W-2?
300
THIS is the riskiest group.
What is men ages 16-25?
300
THIS covers your medical expenses.
What is medical insurance?
300
THIS is when you ask your insurance to pay because something happened (you got sick, car accident, theft, house burned down).
What is claim?
300
THIS is charged on items you purchased.
What is Sales tax?
300
THIS is paid BEFORE deductions and withholding.
What is gross pay?
400
Higher risk= Higher premium
What is direct relationship?
400
THIS helps cover lost income when an illness or injury prevents you from working.
What is disability insurance?
400
THIS portion of the claim is what the insurance wants you to pay.
What is Co Pay?
400
THIS is charged on any profit you make on selling something at a higher price than you bought it.
What is Capital Gains tax?
400
THIS money is deducted from your paycheck.
What is deductions?
500
THIS is how much and what is covered by insurance policy.
What is coverage?
500
THIS ensures that another person will be financially protected if you pass away.
What is life insurance?
500
THIS is the amount you pay after paying the $500 deductible for your $3000 car repair.
What is $2500?
500
THIS money is collected if you cannot work but must be paid if you are working.
What is Disability tax?
500
gross pay - deduction & withholding = THIS.
What is Net Pay?