| Guide to Your Financial Life |
WSJ Week #7
Name
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| Click on one of the letter buttons to select your chosen answer for each question
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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
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Copyright 2012 © Gaylen K. Bunker, All rights reserved
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