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Types of insurance
Insurance vocabulary
IRS
Types of Taxes
Taxes vocab
100
This is used to for car accidents.
What is auto insurance?
100
This is what and how much is covered by insurance.
What is Coverage?
100
Government agency that collects taxes.
What is the internal revenue service?
100
This is a type of tax that has to be payed when purchasing an item.
What is Sales tax?
100
A form that you fill out one time when you start a job.
what is W-4?
200
This is when you rent a house.
What is renter's insurance?
200
This is the monthly rate of insurance.
What is premium?
200
This is when your employer sends them money to the IRS.
What is withholding?
200
This type of tax is used when you are hurt and have gone to the hospital.
What is Medicare tax?
200
Something that you receive annually from your employer.
What is W-2?
300
This is for when you are injured/ sick.
What is medical insurance.
300
This is the amount of the insurance wants you to pay before they start paying.
What is deductible?
300
This is the IRS.
What is internal revenue service?
300
This type of tax must be payed if you own property.
What is Property tax?
300
Your pay before deductions and withholding's.
What is Gross Pay?
400
This for when your house gets caught on fire.
What is home owners insurance?
400
This is when you ask insurance to pay because something happened.
What is claim?
400
This is a form that allows your employer to take part of your paycheck as taxes and send it to the IRS.
What is W-4?
400
This tax must be payed if you live in a certain state.
What is State income tax?
400
Money deducted from your paycheck.
What is Deductions?
500
This is for a tooth ache.
What is dental insurance?
500
This is when a portion of the claim the insurance wants you to pay.
What is co-pay?
500
This is what you file once a year with the IRS.
What is 1040EZ?
500
This tax must be payed if you are unemployed.
What is unemployment tax?
500
The part of your paycheck that is left after deductions and withholding's.
What is Take home/ net pay?