review

_____ is the total amount that you earned during a particular pay period

• gross pay

• state tax amount

• social security

• net pay

what does "FICA" stand for?

• social security tax

• federal taxes

• federal insurance act

• none

electric bill is an example of which one?

• variable expenses

• leave time

• fixed expenses

• important notices

which is current liability...

• money/ monies that an individual or business owes to creditors.

• monies that you will not have paid off within a 12 month period

• monies that you will not have paid off within 12 months

• if offered by your employer, this amount may appear on each paycheck as a pre-fixed benefit

plans such as 401k or 403(B) retirement savings plans

• year to date

• leave time

• retirement plan contribution

• medicare

when you first hired by your employer, you were first hired to fill out a w-4 form. this form covers any tax that you may owe to the federal government come tax time.

• state tax amount

• federal tax amount

• local tax amount

• leave time

income/revenue:

• money earned- this can be accomplished in many ways.

• money you spent or will have to spend. what you spend on day to day wants and needs

• expenses that don't change or change minimally

• expenses that change with regularity

includes the amount of income that you actually take home after all withholdings have been applied. it is the amount of money that you take straight to the bank.

• important notices

• medicare

• net pay

• year-to-date

medicare tax abbreviations is...

• ST or SWT

• SS or SSWT

• MWT or MED

• A & B

Groceries, dining out, car repair, and gasoline is what...

• fixed expenses

• variable expences

• savings

• fixed asset