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Definition
| The amount of money a person recieves. Allowance. Pay check. Birthday. Social Security. |
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| The amount of money being spent or given away. Bills. |
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| A tax used to support old-age, survivors, and disability insurance. |
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| What are variable Expenses? |
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Definition
| Expenses that differ in price everytime. |
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Definition
| Expenses that are the same amount everytime you pay them. |
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| Amount subtracted from gross income. Taxes. Retirement. Medicare. |
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| tax collected by employer and paid to the state revenue service |
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| Amount of pay check after deductions "take home pay" |
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Definition
| Amount of pay check before deductions |
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| A plan for spending and saving money. |
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| Pay yourself first. a bill you pay to yourself before you pay other bills |
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| Fees used to support government programs |
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| Federal Government form that effectively tells your employer how much to withhold from your pay check for taxes |
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| collected from most employees to fund this federal program. |
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| also collected from most employees to fund the hospital insurance provider under this system. |
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Term
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Definition
1.write a check
2.use ATM card
3.debit card linked to checking account |
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Term
| Best deals on expensive purchase |
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Definition
- shop around
- talk to family and friends
- read the fine print
- review in magozines and newspapers ect
- product, consumr report. |
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Term
| cost/benefits analysis-choosing between |
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Definition
| alternatives to make the best choice. decide what your wants and needs are and think about whether or not the productor service you want to buy meets those want and needs |
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Definition
- checking account
-ATM
-visa or master card |
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Definition
-minimum balances
-monthly fees
-overdraft protection
-insificient funds
-ATM fees |
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Term
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Definition
-label
-put money in
-take out when needed |
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