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Tax used to fund hospital insurance provided under the social security system. |
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A tax used to provide support to old age, survivors, and disability insurance. |
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Gross income minus deductions |
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Any money spent or given away |
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A plan for spending and saving money |
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Expenses that change from month to month |
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Fees used to support government programs |
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Any money a person recieves |
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Sometimes referred to as "Cash Flow" |
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A tax collected by the employer and paid to the state revenue department. |
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Amounts subtracted from gross income |
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The amount of income before deductions |
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Expenses that have a set dollar amount each month |
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Taxes paid to the Internal Revenue Service. (IRS) |
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You can write checks for regularly occuring bills. |
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You can take out cash using a personal identification number(PIN) |
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Debit card linked to your checking account |
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a short term loan from the bank to cover the account in which you overdrew your account. |
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If you write a check for money that you have in your account, you bounce your check |
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