lourdes
Terms
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- Learning how to manage your money wisely.
- PERSONAL FINANCE
- Investing in people primarily through education and training.
- HUMAN CAPITAL
- Money paid to individuals in exchange for work or use of property.
- INCOME
- A person that has his/her own business.
- ENTREPRENEUR
- Total amount of money earned before any deductions are made.
- GROSS PAY
- The amount left after all deductions are taken out of the gross pay.
- NET PAY
- Money taken from your paycheck for various reasons.
- DEDUCTION
- Money you pay the government for services provided by the federal government such as defense,human services,and the monitoring and regulation of trade.
- FEDERAL INCOME TAX
- Money you pay the state you live in for roads,safety,and health.
- STATE INCOME TAX
- Money you set aside for old-age,survivors,and disability insurance.
- SOCIAL SECURITY TAX
- Money you put away for certain health care insurance.
- MEDICARE TAX
- Insurance coverage used to pay a salary to those that are unemployed
- STATE UNEMPLOYMENT INSURANCE
- Insurance coverage to pay a salary for people that have gotten hurt on a job and can not work.
- WORKERS COMPENSATION INSURANCE
- Insurance coverage that pays a beneficiary in the event that an employee dies.
- LIFE INSURANCE
- The person that is chosen to receive life insurance money if a loved one dies.
- BENEFICIARY
- Insurance coverage if you are unable to work due to health reasons,disability insurance will cover your expenses.
- DISABILITY INSURANCE
- Insuarance coverage for medical care expenses including hospitalization,physician services,surgery and major medical expenses.
- MEDICAL INSURANCE
- Insurance coverage for dental care expenses, including preventive diagnostic,basic,major,and orthodontic services
- DENTAL INSURANCE
- A tax -deferred savings plan for retirement
- RETIREMENT SAVINGS PLANS
- Use your summations of the modules to list an define any terms relative to taxes.
- TAX TERMS