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CFM On the Job Flashcards | StudBud
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CFM On the Job
CFM On the Job
38 terms
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Answers
1
Amount of money earned before deductions.
Year to date
Gross pay
Net pay
Pay period
2
Form that states how much you earned and amount of taxes withheld the previous year.
W4
WW1
W2
WWW
3
Retirement Account that anyone can get and it is not connected to an employer as a 401K is.
IRS
IRA
RIS
AIR
4
When it comes to managing money, success is most about this.
Math knowledge
Brains
Behavior
Trust
5
Time frame on a paystub that indicates when the wages were earned.
Net pay
Pay period
Year to date
Check number
6
This is used to withdraw money from your checking account at an ATM.
Debit Card
Deposit Slip
Credit Card
Check
7
Savings account with higher interest, but you can’t touch the money until a certain time.
Interest
Stocks
Yield
Certificate of Deposit
8
Indicates on back of check that it is to be transferred to someone else. "a two-party check"
Blank Endorsement
Restricted Endorsement
Debit
Special Endorsement
9
Process of making sure your check register matches your monthly bank statement.
Reconciliation
Savings
Match up
Interest Rate
10
Signing the back of a check and then either getting the cashing it at the bank.
Deposit Slip
Blank Endorsement
Restricted Endorsement
Special Endorsement
11
Amount of money left over after deductions are taken out.
Net pay
Gross pay
Pay period
Year to date
12
Charges that a bank imposes for various reasons.
Bank Fees
Credit score
Fixed Income
Interest
13
Form used at the bank to indicate how much money you are putting into your account.
Interest Rate
Withdrawal Slip
Charge card
Deposit Slip
14
Type of financial institution where you actually become a member when you open an account.
Credit Union
Bank
Money Market
Savings and Loan
15
FICA (federal insurance contribution act) is the tax you pay for social security and this.
Disability
State tax
Medicare
Medicaid
16
Government agency that enforces tax laws and collects taxes.
SRI
IRS
ABC
ISR
17
Someone who buys or uses products and services.
Patient
Student
Consumer
Adult
18
If you get hurt on the job, your medical is covered by this.
Withholdings
Worker's Compensation
Benefits
You are not covered
19
Your employer automatically puts your paycheck into your checking account, this is called....
Direct Deposit
Payee
Salary
CD
20
Government agency that governs safety on the job.
William Mattar
Ocean
OSHA
Hasbro
21
A security number, usually four digits, that you want to memorize.
CD
PIN
Phone
IDK
22
Customers can use their debit card to withdraw their money from this...
School
ATM
7-11
MAT
23
What is X to the zero power?
1
X
0
Undefined
24
3 digit number on back of your debit or credit card. It serves as another layer of protection.
Verification number
Expiration date
Birthdate
PIN
25
Form you complete to indicate to your new employer how much tax to withhold from your pay.
W4
W2
I9
WD40
26
A bank lends you money and charges you interest to borrow that money. Often called a “note.”
Credit
Loan
Interest
Debit
27
Learning about money and personal budgeting and money management.
Money Management
Financial Literacy
School of Business
Certificate of Deposit
28
All the monies taken out of your pay are called this.
Taxes
Withdrawals
Deductions
Not fair!
29
Your money is protected in the bank up to $250,000 by this federal agency/organization.
FDIC
FICO
FIDO
FICA
30
Largest amount of tax withheld from your pay.
FICA
Federal tax
State tax
Luxury tax
31
You write a check but don't have enough funds in your account to cover it. This is called...
Voiding a check
Bouncing a check
Balancing a check
Flipping a check
32
This voluntary deduction is the typical name for a retirement benefit.
IT201
401K
I9
W4
33
When you should record your transactions in your check register...
Immediately
A day later
Never
End of the Month
34
This is used to keep track of all your transactions.
iPhone
Savings account
Notepad
Check Register
35
An obligation of repayment owed by someone to another person.
Capital Gain
Debt
Promise
Charge slips
36
“For deposit only” is on the back of a check.
Special Endorsement
Restrictive Endorsement
Blank Endorsement
Credit
37
A fee paid by a borrower to the lender for the use of borrowed money.
Debt
Goods
CD
Interest
38
How many reindeer pull Santa's sleigh?
4
12
8
10