Finance Alg Vocab

Which term describes the total amount of money earned in a pay period?

• Gross Pay

• Net Pay

• Deductions

• Social Security Tax

• Pension

Which term is an alternate name for Take-Home Pay?

• Gross Pay

• Net Pay

• Deductions

• Social Security Tax

• Pension

FICA is a term that combines which two deductions?

• Disability Insurance and Medicare

• Medicare and

  Social Security

• Federal Income Tax and

  State Income Tax

• Social Security and Retirement Contributions

• Disability Insurance and Health Insurance

Tags

CCSS.7.RP.A.3

Which term describes "26 times a year"?

• Biweekly

• Monthly

• Quarterly

• Weekly

• Bimonthly

YTD stands for ....

• Yield To Draft

• Year That Died

• Year To Date

• Yield Times Debit

• You're That Dim

IRS stands for ....

• Income Ranking Service

• Internal Ranking Scores

• Internal Revenue Service

• Income Repayment Scores

• Investment Return Savings

AGI stands for ....

• Adjusted Government Interest

• Average Government Income

• Adjusted Gross Income

• Average Gross Investment

• Annual Grant Interest

FICA stands for ....

• Financial Income Commission Act

• Federal Investment Credit Average

• Federal Insurance Contributions Act

• Fixed Insurance Commission Average

• Financial Interest Credit Asset

Which has higher tax rates in its brackets?

• Federal

• California State

• They are the same.

Which term best matches this idea:

"The income leftover after you remove the standard deduction."

• Taxable Income

• Gross Income

• Monthly Income

• Net Income