A Newer Product Is the Payroll Debit Card

question 203

True/False

A newer product is the payroll debit card. It is cheaper for employers to load your paycheck on a debit card than to cut a check. This is convenient for customers who do not qualify for a regular debit or credit card, because they can use it to pay bills, do online purchasing and even get cash from an ATM machine.

Recognize the role of experience and specialized knowledge in cognitive aging.

Identify age-related changes in primary mental abilities based on longitudinal studies.

Examine the relationship between emotions, stress, and physical health.

Understand the factors influencing creativity and its development over the lifespan.

---

Definitions:

Medical Insurance

Insurance that reimburses the costs associated with medical and surgical care received by the insured individual.

Withholding Allowance

A claim made by employees on the W-4 form to reduce the federal income tax withheld from their paycheck.

Taxable Income

The portion of an individual's or business's income that is subject to income tax, after exemptions and deductions.

Taxable Income

The amount of an individual's or entity's income used to determine how much tax is owed, calculated as gross income minus deductions and exemptions.