Personal Finance

Flashcard
•
Mathematics
•
11th - 12th Grade
•
Hard
+7
Standards-aligned
Wayground Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is the income for providing human resources (labor)?
Back
Wages
2.
FLASHCARD QUESTION
Front
What is the payment people receive for providing resources in the market?
Back
Income
3.
FLASHCARD QUESTION
Front
What form must an employer send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld?
Back
W-2
4.
FLASHCARD QUESTION
Front
What is the amount people earn per pay period before any deductions or taxes are paid?
Back
Gross pay
Tags
CCSS.6.NS.B.3
5.
FLASHCARD QUESTION
Front
What is a range of income amounts that are taxed at a particular rate?
Back
Tax Bracket
6.
FLASHCARD QUESTION
Front
What is the term for the total earnings of an individual before any deductions?
Back
Gross Income
Tags
CCSS.3.OA.D.9
7.
FLASHCARD QUESTION
Front
What is the term for the amount of money an employee takes home after deductions?
Back
Net Pay
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