Financial Math Q4 Vocabulary

Front

Form used by an employer to verify an employee's identity and to establish that the worker is eligible to accept employment in the United States.

Back

Form I-9

Front

A type of aid primarily awarded for academic merit or for something you have accomplished that does not need to be repaid.

Back

Scholarship

Front

The maximum amount an insurance company will pay if you file a claim.

Back

Policy limit

Front

A form of property insurance that covers losses to their personal property and protects the insured person from liability claims.

Back

Renter's insurance

Front

A form that details all 'non-employee' compensation, including for specific jobs like freelancers or contractors.

Back

1099 Form

Front

A form used by employees to report their annual income to the IRS and to calculate their tax liability.

Back

1040 Form

Front

A form used by employers to report wages paid to employees and the taxes withheld from them.

Back

W-2 Form

Front

The amount of money an insured person must pay out of pocket before the insurance company pays a claim.

Back

Deductible

Front

A type of financial aid that does not need to be repaid and is often based on financial need.

Back

Grant

Front

The amount of money charged by an insurance company for coverage, typically paid monthly or annually.

Back

Premium