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Financial Management Course Review Vocabulary Game 1

AB
Medicaidis a government program that offers health insurance coverage to people who need financial assistance.
W-4 Formcompleted by an employee to inform an employer of the amount of exemptions they wish to claim on their taxes.
D-400North Carolina State Income Tax Return that must be filed by NC residents (or anyone else that worked in NC) every year.
Piece Rate Wageearned by employees who are paid by the number of items they produce or make.
Overtime Wagethe amount an hourly wage employee earns if they work more than 40 hours in a week.
Banking Institutionsseparated into four different types: Commercial Banks, Savings and Loans, Credit Unions, and Pay Day Lenders.
Wantspayments made for items that are not necessary in the day to day life of a person.
Short Term Goala budgeting goal that needs to be met in under a year.
Long Term Goalbudgeting goal that needs to be met in over a year.
Taxesfees charged by both the Federal and State government. Taxes are used to pay for expenses that are for the good of the community.



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