| A | B |
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| I-9 | The Employment Eligibility Verification Form. This form is a U.S. Citizenship and Immigration Services form. It is used by an employer to verify an employee's identity and to establish that the worker is eligible to accept employment in the United States. |
| taxes | Fees placed on income, property, or goods to support government programs. |
| commercial bank | The most common type of financial institution-privately owned, offering a wide range of services, and run to make a profit. |
| cleared check | This term refers to a check that has been honored and processed. |
| bad check | This term refers to a check that has been dishonored because of insufficient funds. |
| W-4 | A form completed by an employee to indicate his or her tax situation (exemptions, status, etc.) to the employer. This form tells the employer the correct amount of tax to withhold from an employee's paycheck |
| 1040EZ | The actual name for the IRS tax form commonly referred to as the short form. |
| W-2 | The wage and tax statement. This form states the amount of money earned and taxes paid throughout the previous year |
| credit union | Nonprofit financial institutions that are owned by their members and organized for the members' benefit. |
| gross income | The total amount of money earned before payroll withholdings are deducted. |
| direct deposit | A method of paying employees where employers directly deposit the employee’s paycheck into the authorized bank account. |
| certificate of deposit | A savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of interest. |
| money market account | A type of checking and savings account issued by a bank or credit union to hold your money. |
| retirement account | An account such as an IRA or 401(k) that helps you set aside money for retirement. |
| savings account | A deposit account that earns interest and is issued by a bank or credit union. |
| bank service charge | A fee incurred for the expenses associated with checking account transactions. |
| Rule of 72 | A simple way to estimate the effect of interest rates. Dividing 72 by the interest rate will tell you approximately how many years it will take to double your investment. |
| 529 savings account | A savings account designed specifically for educational expenses. |
| overdraft protection | A checking account feature in which a person has a line of credit to write checks for more than the actual account balance. |
| interest | The cost of using money, paid by banks to their depositors, and paid by borrowers to the depositors that provide their loan. |
| compound interest | The practice of figuring interest earnings on both the original amount and any previous interest that has been added to the balance. |
