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Insurance: The Basics
Coverage, Premiums, Deductible, Claims and Co-Pay
W-2, W-4 or Neither
Types of Taxes
Internal
Revenue Service(IRS)
100
Auto, vision, disability, medical, life, homeowner's, dental, business, renter's are examples of THIS
What are types of insurance?
100
A portion of the claim the insurance wants you to pay
What is a co-pay?
100
You receive this annually from your employer
What is a W-2?
100
You pay THIS when you go and buy something
What is Sales Tax?
100
The IRS is THIS that collects taxes.
What is Government agency?
200
THIS is a way of managing risk.
What is insurance?
200
THIS is what and how much is covered by the insurance
What is coverage?
200
THIS form allows your employer to take part of your paycheck as taxes and send it to the IRS
What is a W-4?
200
THIS is tax you pay when you own properties. Renters don't have to pay this?
What is Property Tax?
200
A 1040EZ is also called THIS
What is a tax return?
300
THIS is when your insurance policy will cost less
What is paying a higher deductible?
300
You WILL pay this whether you use it or not
What is a premium?
300
You file THIS once a year with the IRS
What is NEITHER?
300
THIS is for people over the age of 65 and is free. Taxpayers pay this tax.
What is Medicare Tax?
300
You file a 1040EZ THIS many times with the IRS.
What is once a year?
400
THIS is the company giving insurance
What is the insurer?
400
THIS is what you pay when you have a higher premium
What is a lower deductible?
400
THIS summarizes earnings and withholdings for the year
What is a W-2?
400
THIS is what it is called when you are working and have to pay taxes to the government
What is Federal Income Tax
400
You use a table to find how much you...
What is owe?
500
When you ask insurance to pay because something happened
What is a claim?
500
THIS is what you do when you get into a car accident that's not your fault
What is filing a claim?
500
You fill out this form 1 every 6 months when you start a job.
What is NEITHER?
500
THIS is tax if you make profit on an investment.
What is Capital Gains Tax?
500
THIS is the due date to file taxes
What is April 15?