Taxes and Careers

This is a contract that outlines coverage plans and protects a person against financial loss or damage.

• tax deduction

• an insurance policy

• resume

• contract

The total amount of earnings made over a month, after all deductions have been taken out is known as this. 

• social security

• taxes

• net income

• gross monthly income?

Name the 3 main sources of tax revenue for the government.

• incomes, sales and property taxes

• phone, cable, electric

• car, mortgage, grocery

• Larry, Curly, Moe

Name three common long-term investment types.

• checks, cash, crypto

• stocks, mutual funds, bonds, certificates of deposit (cds)

• savings, checking, money market accounts

• life insurance, health insurance, car insurance

The total amount of earnings made over a one-year period before any deductions is known as this

• gross annual income

• monthly net income

• hourly wage

• minimum wage

Explain what PYF stands for and what it means. 

• pay yourself first

• profits yearly financed

• pretty young female

• plan your future

Three things that should be considered when choosing a career.

• abilities, interests, and values

• pay, sick days, lunch break time

• retirement benefits, staff, who your boss is

• location, salary, time off

Income tax returns are due on or before this day each year.

• Jan 1

• April 15

• July 1

• December 15

This is a simple way to estimate how savings can grow over time and with a predetermined interest rate. 

• The rule of 27

• The golden rule

• The rule of thumb

• The rule of 72

This is money received, including wages or gifts.

• celery

• taxes

• social security

• income