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Insurance Things
Tax Things
Parts of a Paystub
Tax Things pt.2
Insurance Types
100
This is what and how much is covered by insurance.
What is coverage?
100
When starting a new job, you will fill out this form.,
What is a W-4 Form?
100
This is amount taken out of your paycheck to pay for taxes.
What is a Tax Withheld?
100
The federal government charges this tax to anyone who earns money.
What is Income tax?
100
This insurance is required in most states by law for those who drive.
What is Auto Insurance?
200
This is the agreement between the insurer and the insured.
What are Terms?
200
This is an end-of-year tax form that is used to determine the amount of income tax owed to the IRS
What is a 1040EZ Form?
200
This is the amount you have earned in the year so far.
What is the YTD?
200
This tax is charged on items purchased.
What is Sales Tax?
200
This insurance covers your home as well as the possessions inside it.
What is Homeowners Insurance?
300
This is the monthly cost of insurance.
What is premium?
300
This is usually collected by the local government.
What is Property Tax?
300
This is a tax that pays for health care for people aged 65 or older.
What is Medicare?
300
This is the government agency that collects taxes.
What is the IRS?
300
This insurance covers the cost of any medical expenses.
What is Health Insurance?
400
This is the request you make to your insurance company for payment based on the terms of your insurance.
What is claim?
400
You receive this form from your employer annually and it summarizes your earnings and withholdings for the year.
What is a W-2?
400
These are amounts (other than taxes) that have been taken out of your paycheck, such as health insurance or retirement.
What are Deductions?
400
April 15
What is Tax Day?
400
This insurance helps cover lost income when an illness or injury prevents you from working.
What is Disability Insurance?
500
This is a fixed fee that you pay for covered medical services.
What is Co-pay?
500
This is charged on any profit you make from selling something at a higher price than you bought it
What is Capital Gains?
500
This is a tax that pays for the retirement benefits for people who are currently retired and for the future retired population
What is a Social Security?
500
Your employer does this to taxes and sends them to the IRS.
What is withholds?
500
This ensures that another person (your beneficiary) will be financially protected if you pass away.
What is Life Insurance?