| A | B |
|---|
| Dependent | a person that is financially and/or physically dependent upon another person. |
| FICA | Federal Insurance Contributions Act is a tax that every employee is charged that pays into the Social Security Benefit Fund. |
| Hourly Wage | earned by employees who are paid by the number of hours they work. |
| Production Rate | the number of items an employee has produced during their pay period. |
| Fixed Expenses | expenses that are paid at least once a month and are the same |
| Variable Expenses | expenses that are paid at least once a month, but that are rarely the same amount each time. |
| Periodic Expenses | expenses that are paid less often than once a month. |
| Needs | payments made for items that are necessary in the day to day life of a person. |
| Deductible | amount that the person covered by the insurance must pay on a claim before the insurance company will pay. |
| Unexpected Events | take many forms and can cause financial hardships. |
