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Chapter 4 and 5 Study Guide

Horizontales
Salary and wages
Tax on items like clothes and groceries
AGI
Social Security and Medicare
Receive in January that tells shows your pervious year earnings and withheld.
Certification that represent fractional ownership in a firm
Verticales
Certification that function like IOU
Expenses: rent, utilities, car payment
Form you compete when starting a job that shows the money you will be withheld each check
What happen and what actually happened
Government health insurance program
Amount of money a worker takes home in a pay period
Tax on property and land
Take home pay
Form that shows proof of eligibility to work in the U.S