Employment and Careers
Correspondence that highlights pertinent information from your resume
Cover Letter (Letter of Application)
This form tells how much money you made during the year and any tax withholdings
W-2
Electronic banking that allows you to pay bills, check statements and other basic banking services
Online Banking
A short document describing your education, work history, etc., that you give an employer when you are applying for a job
Resume
What was the main idea of the "30 Days" video we saw in class?
Living on Minimum Wage
Wages
Basic tax form for people with no dependents
1040EZ
What is the favorite "F Word" of banking
Fees (NO, not the other one!!!)
Someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes
Dependent
In the "Everybody Loves Raymond" video, how much in penalty fees did Ray have to pay for overdrafting on his checking account?
$300
A document that goes along with your paycheck to tell your your earnings and withholdings
Pay Stub
What is the last day your employer has to give you your W-2 form
January 31
Payday Loan Services
A government-run insurance program that provides healthcare assistance to low income Americans
Medicaid
Name one online bank that we discussed in class.
Ally Bank
USAA
State Farm Bank
Term for getting "paid by year"
Salary
Form you fill out when you first get a job to tell how much taxes should be withheld from your check
W-4 Form
This is when money from savings is transferred (for a fee) to your checking if you overdraft your account
Overdraft Protection
Federal and state taxes that all employers must pay, based on a percentage of the employee's salary, toward social services such as Social Security and Medicare
Payroll Tax
1040
1040A
Government program that gives retirement, surviving family members and disabled individuals monthly benefits
Social Security
This form tells the government that you are an American citizen that can legally work
I-9 Form
This equation shows how the ending balance on your bank statement is calculated.
Ending balance=Previous Balance+Deposits-Withdrawals
A written order to the bank that tells it to take a stated amount of money from your account and pay it to someone else
What type of bank is "Heartland Bank?"
Community Bank