Financial Vocabulary Quiz Review #2

Money withheld from a paycheck for tax, health or savings purposes.

A chart that documents how much money an individual earns and spends.

Insurance payment you make before the insurance will process a claim.

What is savings vehicle offered through banks with a set maturity date?

A withholding tax form completed by a new employee that tells the employer how much to withold

Working a job, receiving a paycheck but no taxes are taken out means you are likely ...

Total pay after deductions, commonly referred to as take-home pay.

A type of insurance used by vehicle owners to cover costs associated with car accidents.

Money collected to be used for local public services, such as sidewalks and water systems.

Insurance bill you pay every month or semi annually.

Money collected by the federal government to provide health insurance benefits in retirement.

A type of insurance that minimizes financial risk related to medical expenses.

2 categories of people have no leverage over their job situation because time equals money

A year-end earnings statement prepared by employers showing total earnings and deductions

Money collected by the federal government to provide financial benefits needed in retirement

A service offered by a bank to cover over charges

Income and expenses that are the same each month

a legal agreement which allows use of an asset but never own it

if you spend more money than you have coming in, you have a _______cash flow

This type of score attempts to measure your creditworthiness:

Investments which earn money are called

Total pay before deductions.

What percentage of deposits is a bank legally required to hold?

HSA

An investment tool for individuals to save for retirement.

A type of retirement savings account where money is deposited directly by an employer

Income and expenses that vary each month.

Investments or expenses which cost money.

An investment vehicle that pools investor money to purchase securities like bonds and stocks.

Money earned from a job or dividend