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Budgeting Vocabulary Flashcards | StudBud

Explore/Budgeting Vocabulary

401 K

W-4 Form

Budgeting Vocabulary

10 terms·StudBud Administration·40 plays

Budgeting Vocabulary

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Questions 10

Answers

1
W-4 Form
determines pay that should be withheld for benefits
determines pay that should be withheld for retirement
determines pay that should be withheld for Taxes
determines pay that should be withheld for insurance
2
401 K
medicare
retirement
taxes
benefits
3
Budget
Provides retirement income for retired people
All twelve months have same cost
Planning how to get the most from income
Plan for organizing income that best meets wants and needs
4
Money Management
Provides retirement income for retired people
All twelve months have same cost
Plan for organizing income that best meets wants and needs
Planning how to get the most from income (money)
5
Witholdings
benefits
retirement
medicare
taxes
6
Variable Expenses
The difference between net pay and expenses
Estimate expenses
Fluctuating expenses
Fixed expenses
7
Deductions
amount of money taken out of net pay involuntarily removed
money taken out of medicare involuntarily removed
amount of money taken out of gross pay involuntarily removed
amount of money taken out of gross pay voluntarily removed
8
Expenditure
The difference between net pay and expenses
Fluctuating expenses
Fixed expenses
Expenses
9
Five Steps to Plan a Budget
balance and adjust, expenses, , estimate, savings, set goals
Set goals, estimate, savings, expenses, balance and adjust
balance and adjust, expenses, set goals, estimate, savings
expenses, balance and adjust, set goals, estimate, savings
10
I-9 Form
verifies employee's address
verifies employees' citizenship or if they are Hireable
verifies employee's insurance eligibility
verifies employee's age