| Term | Definition |
|---|
| ATM card | Automated teller machine |
| Checking account | money in a bank used for shopping and paying bills |
| Balancing your checkbook | finding how much money you have in your checking account |
| PIN | personal identification number |
| Service charge | a cost for writing more than a certain amount of checks |
| deposit | placing money in your account |
| Transaction | any thing that changes your checking account balance |
| Check register | where you write down what checks you write |
| prepaid credit card | card you put a sum of money on deposit |
| Withdraw | take money out |
| bounce | writing a check for more than what your have in your account |
| Compounding | the bank figures out how much interest it owes you and adds it to your account |
| Quarterly compounding | interest added to your account every three months |
| Statement | bank sends out a monthly form telling you all your transactions that month |
| W-4 Forms | tells your employer how you want with holdings |
| W-2 Forms | show how much gross income you have for the year |
| Gross income | income without withholdings |
| Net income | money you take home from your income |
| IRS | Internal Revenue Service |
| refund | the best day of Steven's year |
| Exempt | do not have to pay a certain tax |
| Income Tax Withholding | money taken out of your paycheck for State and Federal |
| Passbook | where money in a savings account is recorded |
| Savings account | money the bank holds for you that you can't write checks on |
| Spouse | your husband or wife |
Combine with other sets
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