| A | B |
|---|
| income tax | a portion of your personnal income paid to the government |
| sales tax | a tax imposed on the retail price of most items |
| property tax | a tax paid to the government based on the value of one's property |
| FICA | an abbreviation for social security tax |
| social security | a federal retirement plan |
| medicare | a social insurance program |
| GAI | gross annual income - total earnings for one year before deductions |
| GMI | gross monthly income (GAI divided by 12) |
| NMI | net monthly income - income remaining in paycheck after deductions |
