Budgeting and Finance Terms
Quiz by Julia Kubian
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12 questions
Show answers
- Q1Which of the following is a way to save for retirement?1040W4401kW430s
- Q2Social Security and Medicare are funded by this tax.FederalDisabilityFICAState30s
- Q3FICA stands for...Free Information Contribution ActFederal Insurance Contribution ActFederal Information Constitution ActFree Insurance Contribution Act30s
- Q4Your pay before tax deductions is known as...Net payGross payTotal IncomePaycheck30s
- Q5What is the vocab term for a written spending plan, or written money management plan?BudgetJournalMoney logCheck book30s
- Q6Which expense may change from month to month?Monthly billIncomeFixed expenseVariable expense30s
- Q7What is another name for our federal tax collectors?MedicareSocial SecurityFICAIRS30s
- Q8Which form is filled out prior to beginning employment at a company?1099W2W4104030s
- Q9Someone who relies on another person for food, shelter, financial support, etc. is known as a...IrresponsibleInfantFreeloaderDependent30s
- Q10A portion of an employees paycheck that is not included in his/her paycheck and is contributed to state and federal needs.Fixed ExpenseVariable ExpenseBillsWithholding30s
- Q11A pop up expense is...An expense that you can plan forAn expense to pay every monthAn expense that comes up occasionallyAn expense that varies month to month30s
- Q12Interest is...a fee that is paid when you borrow moneyadditional money that is added to a paycheckmoney that given to the government for taxesinteresting30s