Taxes and My Income
Flashcard
•
Social Studies
•
6th - 8th Grade
•
Hard
Quizizz Content
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8 questions
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1.
FLASHCARD QUESTION
Front
NMI stands for
Back
Net Monthly Income
2.
FLASHCARD QUESTION
Front
GAI stands for
Back
Gross Annual Income
3.
FLASHCARD QUESTION
Front
GMI stands for
Back
Gross Monthly Income
4.
FLASHCARD QUESTION
Front
GMI minus the total deductions equals NMI.
Back
True
5.
FLASHCARD QUESTION
Front
To calculate the GMI, you _____ the annual salary by 12.
Back
Divide
6.
FLASHCARD QUESTION
Front
A social insurance system that provides benefits to most Americans who are retired, sick, or too disabled to work, and to families of workers who have died.
Back
Social Security
7.
FLASHCARD QUESTION
Front
Money received on a regular basis for work or through investments.
Back
Income
8.
FLASHCARD QUESTION
Front
Required payments to a government
Back
Taxes
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