1
purchased with a specific amount of money to buy goods and services
cash card
earnings are withheld to pay off debt
garnishment
gross income after taxes
net pay/take home pay
provides an increase in assets/wealth
capital gain
tax to government
federal tax
money recieved online (atm transaction)
electronic transfer
skills, knowledge
human capital
a record of salary, benefits, deductions
paycheck stub/earnings statement
money recieved back from taxes
tax refund
federal reserves uses _____ to regulate the money supply
monetary policy
reduces income that can be taxed
exemption/allowance
understand basics of personal finance and money management
financial literacy
money for saving, investing, and spending CAN'T be from
capital losses
manages money, currency, bills, coins
united states treasury department
identifying and managing financial needs and challenges
life cycle
extra compensation for employees
fringe benefits
IRS, collect taxes
internal revenue service
payment for property
rental income
a change in economic status
upward mobility
money of the United States
checking account balances, checks
pay before taxes
gross wages
paper document used as money
money order
FICA, tax on workers, social security tax
federal insurance contribution act
unexpected gain in income
total amount of income after taxes
net pay