Intro to Finance Unit 1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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The result of adjustments subtracted from gross income | Adjusted Gross Income
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Items of value that a peron owns | Assets
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Company-provided supplemenets to salaries, such as sick pay, vacation time, and health insurance | Benefits
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A spending and saving plan based on your expected income and expenses | Budget
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A check that bears the bank's stamp, indicating it has cleared | Canceled check
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A booklet used to record checking account transactions | Checkbook register
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Amounts subtracted from gross pay | Deduction
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Money left to spend or save after taxes have been paid | Disposable income
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A written amendment to an insurance policy | Endorsement
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An amount you may subtract from your income for each person who depends on your income to live | Exemption
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A set of goals for spending, saving and investing the money you earn | Financial plan
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Costs you are obligated to pay at specific times, regardless of other events | Fixed expenses
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All taxable income received, including wages, tips, salaries, interest, dividents, unemployment compensation, alimony and so forth | Gross Income
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The total amount you earn before any deductions are subtracted | Gross pay
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Money offered to encourage employees to strive for higher levels of performance | Incentive pay
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Amounts of money owed to others | Liabilities
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The amount left after all deductions have been taken out of your gross pay | Net pay
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A check written for more money than your account contains | Overdraft
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The time worked beyond the regular hours; usually more than 40 hours in a five-day period | Overtime
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The process of matching your checkbook register with the bank statement | Reconcillation
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Money collected by the government from residents and businesses in the form of taxes | Revenue
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A stated amount that you may substract from adjusted gross income instead of itemizing your deductions | Standard deduction
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The income on which you pay tax | Taxable income
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Income ranges to which tax rates apply | Tax brackets
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An amount subtracted directly from the tax owed | Tax credit
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Willful failure to pay taxes | Tax evasion
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Costs that vary in amount and type, depending on events and the choices you make | Variable expense
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
TammieVanScyoc
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