Income and taxes

 Unemployment and inflation rates are examples of ____ that may affect an individual’s income.

• a) lifestyles

• b) educational choices

• c) economic conditions

• Skills

What are the Deductions from your earnings called? *

• Gross Pay and Interest

• Savings

• Taxes, FICA, & Social Security

• Net Pay

What you bring home after all your Deductions? *

• Gross Pay

• Savings

• Annual Pay

• Net Pay

What you make before deductions?

• Gross Pay

• Savings

• Earned Income

• Net Pay

What is a pay stub?

• Credit Report

• Earning Statement

• Report Card

• Credit Score

Pays medical and disability benefits to employees injured on the job

• unearned income

• earned income

• workers compensation

• Medicare

Wages, salary and tips

• unearned income

• earned income

• disposable income

withheld from an employee’s wages or salary

• disposable income

• payroll taxes

• workers compensation

• earned income

fixed rate of pay for week, month, or year

• wages

• commission

• tips

• salary

pay based on number of hours worked

• salary

• wages

• earned income

• unearned income