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Taxes
Banking
Either One
Banking2
Taxes2
100
amount that taxpayers can claim for themselves thier spouses, and eligible dependents
What is Exemptions
100
A record of your borrowing and paying habits
What is Credit History
100
the act of taking out money from an account
What is Withdrawl
100
used to withdraw money from a savings or checking account.
What is Debit Card
100
completed by employee and used by employer to determine amount of income tax to withhold
What is Form W-4
200
A tax credit for certain people who work, meet certain requirements, and have earned income under a specified limit
What is earned Income Credit
200
a small booklet comes with your checkbook and gives you record sheets that so you can keep track of all the deposits, ATM withdrawals, and checks you write
What is Check Register
200
Money owed to taxpayers when their total tax payments are greater than the total tax
What is Refund
200
Hanging on to your money for the future
What is Saving
200
Include Social Security and Medicare taxes
What is Payroll Tax
300
A system of compliance that relies on individual citizens to report their income freely and voluntarily, calculate their tax liability correctly, and file a tax return on time.
What is Voluntary Compliance
300
the rate of interest (in terms of a percent, such as 8.75%) being charged for a loan over a year's time. The APR rate includes interest, transaction fees, and service fees.
What is Annual Percentage Rate
300
a type of investment that requires you to invest money for a certain length of time and guarantees the same rate of return (interest) for that entire time. usually require a minimum deposit.
What is Certificate of Deposit
300
1) In talking about loans, the balance is the difference between the amount owed and the amount paid. If you pay $45 on a $100 debt, your balance is $55. 2) In talking about checkbooks, balancing means to account for all money that came into and went out of your account, so that at the end of the month you and your bank statement agree. 3) In talking about savings, your balance is what is left in your savings account after you deposit or withdraw money.
What is Balance
300
Used to provide medical benefits for certain individuals when they reach 65, workers, retired workers, and spouses are eligible to receive Medicare benefits
What is Medicare Tax
400
To put money into a bank or investment account
What is Deposit