A purposeful course of action or purpose in life that generally provides income.
What is career?
100
A piece of work usually done on order at an agreed-upon rate; also a paid position of regular employment.
What is job?
100
Income that stays the same from week to week or month or month
What is fixed income?
100
John Doe had a gross income of $2823.08 and $892.34 in deductions. How much would John's paycheck be this month?
What is $1,930.74?
100
What the opportunity cost of dropping out of school?
What is varies.
200
A plan for managing money, dividing up expected income and expenses among spending and saving options based on personal goals during a given time period.
What is budget?
200
Social Security tax is formally known as FICA tax. What does FICA stand for?
What is Federal Insurance Contributions Act?
200
Income that varies from week to week or month to month
What is Variable Income?
200
Health insurance is a required payroll deduction. True or false
What is false?
200
A plan for saving and spending your money is called a ____
What is budget?
300
Money earned from investments and employment
What is income?
300
Desired results from one's efforts to achieve personal economic satisfaction.
What is financial goal?
300
If you sign a lease on an apartment, your rent is a_________ expense.
What is fixed expense?
300
Wages or salary before deductions for taxes and other purposes.
What is gross pay?
300
Setting a goal to purchase a new car in four years is the example of a __________goal.
What is medium term?
400
A statement about what a person wants to be, do, or have, accomplished by taking certain steps; provides direction to a plan of action.
What is a goal?
400
Money received for work performed; may include salary, wages tips, professional fees, commissions, etc.
What is earned income?
400
Income that is a set amount every month.
What is fixed income?
400
Gross wage or salary, plus bonuses, minus deductions such as for taxes, health care premiums, and retirement savings.
What is net pay?
400
Long term goals take ___years or more to accomplish.
What is five?
500
A federal government program providing retirement, survivor and disability benefits, funded by a tax on income, which appears on workers' pay stubs as a deduction labeled FICA
What is Social Security?
500
The costs of goods and services, including those that are fixed(such as rent and auto loan payments) and those that are variable(such as food, clothing, and entertainment)
What is expenses?
500
What type of expense would gas be?
What is variable expense?
500
Payments earned by households for selling or renting their productive resources; may include salaries, wages, interest, or dividends
What is income tax?
500
Legal allowances that reduce the amount of income taxes subtracted from our paycheck.