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| a plan for managing your money during a given period of time. Sometimes called a "Spending/savings Plan" |
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Term
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| Money coming in Usually considered money coming from a job. |
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| Total amount of income from your wages or salary before payroll deductions. |
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| Amounts subtracted from gross income, which results in net income. Ex: taxes, health ins. etc. |
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| Fees placed on income, property or goods, to support government programs. |
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| Fee for the support of federal government payroll deduction collected by the employer each pay period and paid to the IRS. |
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| Most states have this. Subtracted from paycheck each payday. Fee collected by employer to pay State Revenue department to support state programs. |
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| Established under Fica Act which means the federal insurance contributions Act. Provides benefits to elderly, survivors, and disibility ins. |
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