stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Chapter 12 money management Flashcards | StudBud
Explore
/
Chapter 12 money management
Chapter 12 money management
18 terms
·
StudBud Administration
·
18 plays
Imported from external platform
Flashcards
18 cards
F
Practice quiz
P
Host live
L
Questions
18
Answers
1
How do you balance your personal budget
Go back and replace the estimates with actual amounts you spent each month
Listing your regular expenses; things you spend money each month
Add both the totals of income and expenses together
2
What is an income tax
Taxes withheld based on how much you make
the miscellaneous category in your budget
taxes based on things we already own
taxes based on things we buy
3
What is a budget
A type of credit card
Mr. Maddox's million dollar idea
A type of student loan
a plan for spending and saving money
4
What is a credit card
A savings account
A card connected to a checking account
A card used to borrow money for spending usually from a bank
Money we pay the government used to pay for public resources
5
What type of taxes taxes are based on things we use and buy; such as Gasoline, plastic water bottle cases, computers
Income tax
Consumption tax
Social security tax
Sales tax
6
which of these is a tax withholding on your pay stub
Madicare
Social Security
Fed. income tax
State income tax
7
What would be the interest saved in a savings account starting with $40.00 at an interest rate of 10% after one year
$100.00
zero dollars
$40.00
$4.00
8
What is the plastic piece at the end of a shoe lace
plastic cap
aglet
Shoe lace end
wrap
9
Who is this NFL QB from 80's - 90's, known as one of the "greatest of all time"
Tom Brady
Flash Gordon
John Elway
Joe Montana
10
How can you protect yourself from identity theft
Let others use your credit or debit cards
Carrying your social security card in your wallet
Keep track and protect personal records: soc. card or credit cards
Not letting others have access to personal and financial documents
11
What are taxes
Money we pay the government used to pay for public resources
Money that you borrow and promise to pay back
Money a buisness uses for investments
a plan for spending and saving money
12
What is a flexible expense
Expenses that regularly change from month to month
A level of income that determines the percentage of taxes you pay
Expenses that are unchanging and you know what they are going to be
A guess based on your past knowledge of facts
13
What are gross earnings
The ammount you've earned this period
A type of tax on your paycheck
Salary after taxes
Earnings/pay before taxes
14
What is the minimum ammount to file
The minimum ammunt of taxes the government withholds
a type of minimum wage
the minimum amount you earn to file a tax return (changes year to year)
Money that comes in through pay checks
15
What are fixed Expenses
Money that you save for the future
Expenses that regularly change from month to month
A new type of credit card
An expense that is unchanging and you know what it is going to be
16
What is credit
money someone pays you
Cash in your bank account
Money that you save for the future
Money that you borrow and promise to pay back
17
What does YTD mean on a pay stub
Yearly tax deductions
yellow tall dogs
Yearly true dollars
Year to date
18
What is the job of the IRS
To oversee education issues in schools
Collect evidence in upcoming court cases
Protecting personal financial records
Collect taxes, enforce tax laws, help tax payers meet tax obligations
