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| Tax used to fund hospital insurance under the Social Security System. |
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| A tax used to support 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 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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| 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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| Use envelopes to organize money into different categories. You make put extra cash from one envelope into another. |
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| Use manila folders to keep track of all your records. Keep receipts and warranties. NEVER throw them away. |
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| Make sure to keep a balanced checkbook for all the transactions, withdrawals, and deposits you make. |
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