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Personal Finance
Mr. Hilton
Question | Answer |
---|---|
Required charges by the local state and government | Taxes |
1st step of the decision making process | Find the problem |
2nd step of the decision making process | List the alternatives and their pros and cons |
3rd step of the decision making process | Describe the solution |
4th step of the decision making process | Evaluate the results |
A_____ is something that would mean a lot to that person or has good value | Value |
A____ is something you must have for survival | Need |
A____ is something you don't need for survival | Want |
A____ is a deposit directly deposited into your account | Direct Deposit |
A____ is a form that provides gross income withheld for taxes | W-4 |
A____ is a form for filing taxes | W-2 |
The process of self investment. | Human capital |
Skills that are learned and used for other uses and careers | Transferable Skills |
The trade for one thing for another. | Barter |
A___ money given to an employee for a completed job. | Paycheck |
A_____ is a nonelectrical device use for carrying money. | Payroll Card |
A_____ is a form used for knowing the states wages and taxes | I-9 |
A cluster of related jobs requiring the same skills. | Career |
Well-being is the state of being_____,______,and _______. | Healthy, happy, wealthy |
The S in Smart goals is _____ | Specific |
The M in Smart goals is ____ | Measuarable |
The A in Smart goals is ____ | Attainable |
The R in Smart goals is ____ | Realistic |
The T in Smart goals is ____ | Time-Bound |
A ____ is the length of time for which an employees wages are calculated | Pay Period |
A____ is a goal that can be completed in a one year period | Short term goal |
A_____ is a goal that can be completed in over a one year period | Long term goal |
A education goal is a goal that helps with your____ and ____ | Education and Workplace |
A financial goal is a goal that helps with your _____ and ____ | money and financing |
What does the S in SMART goals stand for | Specific:state what needs to be done |
What does the M in SMART goals stand for | Measurable: how the goal can be measured |
What does the A in SMART goals stand for | Attainable: what steps need to be taken to complete the goal |
What does the R in SMART goals stand for | Realistic: don't set unrealistic goals |
What does the T in SMART goals stand for | Time-Bound: when your goal will be completed |
A____ is something someone intends to complete | Goal |
A____ is a specific task done as a part of ones routine | Job |
A_____ is a wide category of jobs | Occupation |
A career is influenced by ( get two right) | Family, money, business, well-being |
What does a | |
Social Security is for____and_____ | Elderly and disabled |
Medicare is healthcare for_____and_____ | Elderly and disabled |
FICA stands for | Insurance Contribution Act |
Net income is | Total income after all deductions |
Gross income is | Total deductions from net income |
Withholding tax is | the amount required from tax by tax |
Payroll Withholding is | Amount of money subtracted from taxes |
Your personal info is your | Full name, address, and social security number, or identification number |
Your year-to-date is | All money that have been withheld from an individuals paycheck from Jan 1st to the last day of the pay period |
You can become worth more by | Investigating in your human capital |
A decision is | A choice of things that affect a persons life. |
A routing decision is | Made on a day to day basis and do not require much thought or time. |
A major decision is | A long term effects on a persons life. |
A financial decision | Impacts an individual's well being. |
If you put a 0 on your form the government takes out the | Most money |
A W-4 form determines | Taxes |
A form I-9 does what | Identifies people |
What is a W-4 form also known as | Employees Withholding Allowance Certificate |
Form W-2 is used to file taxes by what date | April 15th |
Net Income is also referred to as | Home pay |
What should you always check on a form | The correct name |
What percent does government take from your paycheck | 30% |