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50 Cards in this Set
- Front
- Back
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Uncle sam |
Us government nickname. |
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Withholding |
Taking your money from paychecks for taxes before you see it |
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Take home pay |
(Net pay or after taxes) what's left after taxes |
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Biggest bucket |
Federal income tax |
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2nd biggest bucket |
Social security taxes |
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Smallest bucket |
Medicare tax |
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State local tax |
Highway bridge bus teacher and military |
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Graduated income tax |
More $ you make more they take |
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FICA |
Federal insurance contribution act |
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Taxes due |
On/before apr 15th |
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IRS- |
Internal Revenue Service |
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4 things you do with money |
Spend it save it invest or give away |
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Teens spend how much each year |
175 billion |
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2 questions of your money |
How much $ will you spend? What will you spend It on? |
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Diversification |
Invest in different types of things |
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Gross pay |
Rate of pay*time worked |
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Net pay |
Take home pay gross-deduction |
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Deductions |
Amounts of $ witheld from employee gross pay |
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Should move out until |
You have a job stable income can afford payments of rent and utilities and other bills |
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Landlord |
Owner of house apartment being rented to an individual/business |
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Tendant |
Individual who's renting from landlord or leasing agent |
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Leasing agent |
Company you're renting from |
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Mortgage |
Long term loan used to buy home (15-30 yrs) |
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Security deposit |
Set amount of money used to pay for any damages after you move out |
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FIRM factor |
Fuel insurance repair maintenance |
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Journey driven life style |
Good and what you want |
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Lifestyle driven journey |
bad |
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Internal Revenue Service IRS what do they do |
People make sure you pay taxes if you don't they put in jail |
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Social Security tax is listed as what? And is? |
FICA money goes to people too old to work $ necessities |
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Income tax goes to what |
Largest group that takes money that money goes to highways bridges government buildings military |
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Is Medicare |
Money paid to Medicare for insurance money pays for expensive medical bills for older people |
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OASDI meaning |
Old age survivors and disability insurance what Social Security taxes go to |
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How many hours will you work |
86000 hours for 35-40 yrs |
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Government spends how much of our taxes |
400 bil |
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Sean mayor |
Never pay min payment because more |
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Bank bucks |
Save money on rainy days and major purchases 98% teens spend $ |
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Earn money while you sleep |
Make a savings account with interest it adds up you'll be financially. Successful if you make money while you sleep |
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Most lottery winner spend all their money and are broke within how many years |
5 |
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Bottom lines of money |
Make manage multiply and protect it |
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How many percentages are from bankruptcies from medical situations |
40% |
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Money should what |
Follow not lead |
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Percentage goes to the government in the hundred thousand dollar mistake |
25% |
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Percentage will rent in their life |
99% |
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If renting you should |
Have good credit to get approved negotiate price fill out application make a security deposit |
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Things you're expected when renting |
Pay till lease is up given notice before moving out pay on time and keep the place clean |
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If you can't afford renters insurance policy |
You can't afford to rent the place |
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When your car leaves the lot it depreciates how much |
20% |
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Depreciation depends on |
Make model age and condition |
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Tips for buying a car |
Try to buy one with 25,000 miles on it don't lease it negotiate price, don't buy on the first day, compare prices with other dealerships, buy at end of month |
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Constructivism eviction |
Allows the tenant to leave without paying throws out |
