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What type of tax is used to fund hospital insurance provided under the social security system? |
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What tax is used to provide support to old-age, survivors, and disability insurance? |
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A plan for managing money during a given period of time, also called a spending and savings plan. |
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the total amount of income from your wages or salary before payroll deductions |
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The total amount of income from your wages after payroll deductions, also known as take-home pay |
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the amounts subtracted from your gross income, that results in your net income |
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Fees placed on income, property, or goods to support government programs |
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Taxes paid to the Internal Revenue Service (IRS) |
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A tax collected by t he employer and paid to the state revenue department |
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Expenses with a set dollar amount and are the exact same amount every time |
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Expenses whose dollar amount can change meaning you have more control over them |
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How you handle money coming in and money going out, sometimes referred to as "cash flow" |
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pay yourself first, basically look at it as a bill you owe to yourself |
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Year-to-Date, how much money that has been made by an employee from start date to current date |
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the time hours were accumulated for a specific check |
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What is the purpose of a W-4 form? |
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Tells your employer how much to withhold from your paycheck in taxes |
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What is the purpose of a W-2 form? |
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Shows the total taxes withheld from your paycheck for that year |
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What is the purpose of a budget |
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To help people maintain a healthy spending habit that involves paying bills on time and saving money at the same time |
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