Guide to Your Financial Life
WSJ Week #7     Name

Click on one of the letter buttons to select your chosen answer for each question
Jobs, Paychecks, Required Forms and the Cost of Working

1. The Old Age, Survivors, and Diability Insurance Program is the offical name for
       Federal Welfare Program
       State Welfare Program
       Social Security
       Federal Assistance Program

2. A type of retirment plan for self-employed people or entities that aren't incorporated is
       a Cobra Plan
       a Fico Plan
       a FICA Plan
       a Keogh Plan

3. The federal health insurance program for the disabled and for people who are
      at least sixty-five years old is called
       Obama Care
       Medi-Cal
       Medicare
       Medicaid

4. Doctors, hospitals, and other health-care providers that have signed contracts with
      your health insurance company to provide services at certain prices is called the
       Medicare
       Medicaid
       Obamacare
       Health-Care Network

5. 'The form your employer sends to you and the IRS every year showing what you earned
      and how much was withheld for taxes is a
       I-4 form
       I-2 form
       W-4 form
       W-2 form

6. Taxes taken out of your income before you actually receive your paycheck is called
       Tax Burden
       Income Tax Liability
       Withholding
       Tax Obligation

7. The electronic deposit of your paycheck directly into your account, replacing a paper
      check that is physically deposited is called
       Electronic Deposit
       Direct Deposit
       Intangible Deposit
       Replacement Deposit

8. A credit score developed by Fair Isaac Corporation based on your debt, payment history
      and other factors that is intended to measure how likely you are to repay a loan is called
       ERISA
       FICA
       FICO
       COBRA

9. A work benefit that allows you to use pretax income to help pay for child-care or
      medical expenses is called
       a Flexible Spending Account
       a Federal Designation Account
       a Personal Spending Account
       a Medical Allocation Account

10. An opportunity for working parents to put away pretax dollars toward child care for youngsters
      under thirteen years old is called
       Youngster Pretax Account
       Dependent Pretax Account
       Youngster Care Account
       Dependent Care Account

11. The last-resort legal process for working out your debts is called
       Bankruptcy
       Structured Default
       Judicial Escrow
       Lender's Liability

12. The portion of a medical bill that the insurance company requires you to pay when you
      visit the doctor is called
       an Out-of-Pocket
       the Corp-de-Force
       a Rider
       a Copayment

13. In insurance, the amount you must pay before your insurance kicks in is called
       a Minimum Limit Provision
       a Maximum Limit Provision
       the Deductible
       the Refundable

14. In health insurance, this is the maximum amount you'll have to pay for health care
      in a given year.
       Annual Maximum
       Yearly Maximum
       Self Coverage Maximum
       Out-of-Pocket Maximum

15. Your main doctor, who acts as the point person for health-insurance purposes is called
       Primary Care Physician
       Group/Plan Physician
       Physician Assistant
       Basic Physician

16. A medical ailment that existed before you signed up for your health insurance
      is called
       Non-Insurable Condition
       Pre-Insurance Condition
       Carry Forward Condition
       Pre-Existing Condition

17. A law that gives workers and their families the right to extend their health insurance
      for aperiod of time after a job loss, death, divorce, or other life event is referred to as
       ERISA
       COBRA
       VIPER
       ESOP

18. An account designed to help those with health-care plans that have high
      deductibles are called
       Limit of Health Risk Account
       High Deductibles Account
       Residual Health Accounts
       Health Savings Account

Copyright 2012 © Gaylen K. Bunker, All rights reserved