Financial LIt Flashcard upon return from remote

Front

The methods a person uses to deal with stressful situations. These may help a person face a situation, take action, and be flexible and persistent in solving problems.

Back

Coping Skills

Front

a psychological strategy or adaptation that a person relies on to manage stress

Back

Coping Mechanism

Front

a statement of the beliefs or aims which guide someone's actions.

Back

Credo

Front

the action of subtracting something.

Back

Deduction

Front

a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.

Back

insurance

Front

something that is given to a charity, especially a sum of money

Back

donation

Front

The five __________ ________are: single, married filing jointly, married filing separately, head of household, and qualifying widow(er) with dependent child.

Back

filing statuses

Front

a specific dollar amount that reduces the amount of income on which you're taxed

Back

standard deduction

Front

amount you paid for state and local income or sales taxes, real estate taxes, personal property taxes, mortgage interest, and disaster losses

Back

itemized deduction

Front

reduce the amount of income tax you owe to the federal and state governments

Back

tax credits