Term
| taxes used to to fund hospital insurance |
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| a tax used to provide support to old-age, survivors, and disability insurance |
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| gross income minus the dedcutions |
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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 form month to month |
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| expenses that change form month to month |
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| fees used to support government programs |
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Term
| any money a person receives |
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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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Term
| amounts subtracted form the 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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Term
| what does P.Y.F stand for |
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Term
| true or false a car payment is an example of a variable expense |
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| true or false income and spending must balance each other |
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which of the following could not be called income...
A)an allowance
B)a paycheck
C)intrest paid on a loan |
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Definition
| C) intrest paid on a loan |
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Term
which of the following could be called an expense?...
A)payment on a bank loan
B)a paycheck |
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Definition
| A) payment on a bank loan |
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Term
| true or false, a personal budget should be planned for a specific period of time |
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Term
what is the purpose of a W-4 form?....
A)to allow the employee to participate in a tax-deferred savings plan
B)to allow trhe employer to withold federal income taxes form the employees wages |
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