8th grade FACS: Income Vocabulary
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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| abilities | the things you do well
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| aptitudes | your natural talents
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| income | money received on a regular basis for work or through investments
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| interests | the things you like and enjoy doing
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| values | the ideals that are important to you and your career choice
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| Gross Annual Income (GAI) | Total pay or earnings made over a one-year period before any deductions have been taken.
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| Gross Monthly Income (GMI) | Total amount of earnings made over a month before any deductions.
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| Income Tax | A portion of one's personal income paid to a government.
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| Medicare | A social insurance program that extends health coverage to almost all Americans age 65 and over.
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| Net Annual Income (NAI) | Income amount remaining after a year's worth of deductions have been taken.
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| Net Monthly Income (NMI) | Amount of monthly income remaining after all deductions have been taken (sometimes referred to as take-home pay).
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| Social Security | A social insurance system that provides benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died.
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| Taxes | Required payments to the government
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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.
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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:
mnunn
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