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
This is where you keep track of your transactions coming in and out of your checking account
Check Register/Transaction Register
Wages
T/F If you have money taken out of your check for taxes, you always get a refund.
False
An automatic electronic deposit of net pay to an employee's designated bank account.
Direct Deposit
Someone you financially support who can be "claimed" on a tax return to reduce your taxable income and lower your taxes
Dependent
What kind of charge did Ray receive from the bank for spending more money from his account than he actually had? (Everybody Loves Raymond Video)
Overdraft
A document that goes along with your paycheck to tell 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-only bank.
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
What tax form are you required to fill out and file by April 15th?
1040
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
Different taxes for different levels of income is called what type of system?
Progressive System