S1 Final

Front

What does not impact the amount of your federal tax withholding?

Back

State tax does not impact federal tax withholding.

Front

If Jill gets a $150 weekly pay increase, how much extra money will she receive in her next paycheck?

Back

At least $150.

Front

What is an example of unearned income?

Back

A gift is an example of unearned income.

Front

How does money affect trading?

Back

Money makes trading easier.

Front

What are employee benefits?

Back

Employee benefits are provided in addition to wages.

Front

What factors influence federal tax withholding?

Back

Factors include number of dependents, marital status, and income level.

Front

What is the definition of unearned income?

Back

Unearned income is income received without working for it, such as gifts or dividends.

Front

Why is money considered a tool for trading?

Back

Money simplifies transactions and eliminates the need for bartering.

Front

What are some common examples of employee benefits?

Back

Common examples include health insurance, retirement plans, and paid time off.

Front

How does marital status affect tax withholding?

Back

Marital status can change the tax bracket and the amount withheld.