amount of personal income prior to taxes and other deductions.
Gross Income
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Advantages of this method of payment are that it can be mailed, and the person receiving it does not have to have a bank account.
Check
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A disadvantage of this form of payment is that failure to repay the amount borrowed could make it harder to obtain this form of payment in the future.
Credit Card
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is an annual tax on the value of real estate and personal property (in some States) assessed annually by a local Tax Collector or Assessor. People can be given a reduction due to if it is a primary residence, age, veteran, etc.
Property Tax
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A written document instructing a bank to pay the amount of money noted from your account (payor) to a specific person or organization (payee).
Checks
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monster
Reset all scores!
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gift
Win 10 points!
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fairy
Take points!
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25
lifesaver
Give 20 points!
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A disadvantage of this form of payment is that your banking information may be compromised if this is lost or stolen.
Debit Card
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Is usually deducted from an employee's wages by their employer. The payroll tax falls into two items: (1) Social Security tax (2) Medicare tax.
Payroll Tax
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Is a tax imposed by a government, usually a state or the Federal government, directly on income, such as a tax on personal income.
Income Tax
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A card that is linked to a person's checking account for making bank transactions or purchases.
Debit Card
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Is paid equally by the employer, and then by the employee
Payroll Tax
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baam
Lose 25 points!
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shark
Other team loses 25 points!
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gift
Win 20 points!
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banana
Go to last place!
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Payments using electronic means, such as on the Internet, with security features preventing fraud or abuse.
Electronic Payments
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banana
Go to last place!
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seesaw
Swap points!
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fairy
Take points!
5
10
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25
banana
Go to last place!
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A card that can be used to borrow money from a bank or store in order to buy goods and services on credit.