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Insurance
Insurance
Insurance
Tax
Tax
100
Types of Insurance
Auto, Medical, Dental, Vision, life, Business, Disability, Home owner's, Renter's
100
What is premium?
The monthly cost of insurance.
100
How can insurance help you
Insurance can help you Financially protect against unexpected accidents?
100
Every one who earns money have to pay the tax to the federal government.
Federal Income tax
100
What do taxes pay for
Police, Fire, Public Schools, Highway and National Park?
200
What is Insurer
COMPANY GIVING CONVERGE?
200
what is Premium
You pay it whether you use it or not?
200
What is life insurance
Ensures another person (beneficiary) will be financially protected if you pass away?
200
Government agency that collects taxes
IRS
200
When do you files tax
April 15?
300
What is INSURED?
PERSON COVERED BY INSURANCE?
300
what is Insurance
a thing providing protection against a possible eventuality.
300
What typically have the highest auto insurance premiums
Young and inexperienced drivers?
300
A form you fill out one time when you start a job
w-4
300
What is IRS stands for
Internal Revenue Service?
400
what is Coverage?
what and how much is covered by insurance.
400
What is Higher risk?
Higher premiums(directive relationship)
400
What is Co-pay
Used in medical insurance as a fixed fee that you pay for covered medical services?
400
what is take home pay/ net pay
The part of your paycheck that is left after deductions and withholdings; the amount you get to keep
400
What is medicare tax
Pays for health care for people aged 65 and over?
500
what is Terms?
The agreement between the insurer and the insured.
500
What is riskiest group.
Males ages 16 -25
500
What is DEDUCTIBLE
The amount you are personally required to pay "out-of-pocket" towards each claim before your insurance kicks in?
500
what is deductions
Money deducted from your paycheck
500
What is Gross Pay
Pay BEFORE deductions and withholding?