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hilton
finacne
Term | Definition |
---|---|
w2 | States the amount of money earned and taxes paid throughout the previous year. |
smart goal | In order to set goals effectively, they need to be well written. |
s | Specific |
m | Measurable |
a | Attainable |
r | Resanable |
t | Time bound |
long term goal | A goal that can be finished in about a life or 3 years. |
short term goal | A goal that can be finished in about 3mouths to a year. |
taxes | The money that you give to the goverment to live in this country. |
payroll card | A card that has your money on the card but it is only for your work money. |
paycheck | It is your income that is not in cash but on this piece of paper. |
pay period | The length of time for which an emploee wages are caculated. |
gross income | The total of money earning before payroll withholdings. |
year to date | Is the date that your taxes are due April 15. |
derect diposite | Employers directly deposit employee’s paycheck into the authorized employee’s bank account. |
w-4 | Employee’s Withholding Allowance Certificat and determines the amount of money withheld for taxes. |
i-9 | Used to prove the identity of people and avoid hiring non United States citizens. |
Direct Deposite | Employers directly deposit employee’s paycheck into the authorized employee’s bank account. |
Net income | The amount left after all payroll deductions have been taken from the gross income. |
Payroll Widtholdings | The amount of money subtracted from the gross income for taxes. Typically about 30% of your paycheck! |
routine decisions | Are made on a day-to-day basis. And don't take to much time |
major decisions | Have long-term effects on a person’s life. |
financial decisions | A type of major decision Impacts an individual’s or family’s well-being. |
values | Are fundamental beliefs or practices. |
needs | Something necessary or required for life. |
wants | Something unnecessary but desired. |
education goals | Help individuals prepare for success in the workplace. |
financial goal | A goal that guides financial planning. |
example of a educational goal | Earning an A on an upcoming quiz Attending college. |
example of short term goal | Improving grades at school,Making the basketball team Saving money to buy a new Iphone |
example of long term goal | Attending college,Getting a great job Buying a new car |
example of routine decision | What to wear in the morning,What to pack for lunch Where to sit on the school bus |
example of major decision | What type of car to buy To attend college |
example of finiacial decision | Saving for a family vacation,Spending money wisely Purchasing new items |
example of need | Food, water, clothing and shelter |
example of want | IPOD, XBOX one, designer clothes |
specific | I want to attend a four year college |
measuable | Becuase i want attend a four year college i will get a b in algebra |
attianable | Because I want to attend a four year college, I will earn a B in algebra this semester. |
realistic | Because I want to attend a four year college, I will earn a B in algebra this semester to prepare me for the college entrance exam. |
time bound | Because I want to attend a four year college, I will earn a B in algebra this semester to prepare me for the college entrance exam when I am a junior in high school. |
example of specific | I plan to save money for a new iPod. |
eample of measuable | I plan to save $100 for an iPod. |
example of attinable | I plan to save $100 for an iPod by saving $20 from each babysitting job. |
eample of realistic | I plan to save $100 for a new iPod by saving $20 from each babysitting job and putting it into a savings account. |