Career And Finance Management Flashcards
1
Q
Known as social security-tax to federal government
A
FICA
2
Q
Federal medical insurance for those on social security
A
Medicare Tax
3
Q
Known as FICA
A
Social security tax
4
Q
Taxes taken out for the state government
A
State Tax
5
Q
Expenses the tax law allows people to subtract from their gross income.
A
Deductions
6
Q
Expenses taken out of your paycheck
A
Payroll Deductions
7
Q
Expenses taken out of your paycheck for taxes
A
Tax Deductions
8
Q
Earned after completing high school requirements
A
High School Diploma
9
Q
Generally earned after completing 2 years of college requirements
A
Associates Degree
10
Q
Tax taken out for the federal government
A
Federal Income Tax (FIT)
