| A | B |
|---|
| Five Major Types of Insurance | Health, Auto, Life, Home, and Disability. |
| W-2 Form | completed by an employer and is given to each employee in order to report the total wages, taxes, and other deductions from the previous year’s paychecks. |
| 1040EZ | Federal Income Tax Return that many taxpayers can use to file their annual federal tax return. |
| D-400 | North Carolina State Income Tax Return that must be filed by NC residents (or anyone else that worked in NC) every year. |
| Earned Income | comes from wages earned at a job or place of business. |
| Gross Pay | amount an employee earns for a pay period before any deductions are subtracted. |
| Net Pay | amount an employee receives in their paycheck. Net Pay = Gross Pay minus Deductions |
| Bank Accounts | Checking Accounts, Savings Accounts, Certificates of Deposit, Retirement Savings Accounts, are held by a banking institution for their customer. |
| Examples of Unexpected Events | Hurricanes, Earthquakes, Car Accidents, Fire, Heart Attacks, Illness, Robbery |
