Tax Words
This program provides monthly benefits to almost $60 Million Americans including retirees, military families, and disabled workers
What is Social Security
You call this a what when you withdraw more money than you have in your account?
What is an overdraft?
“Mr. Watson, come here” —these dry words were immortalized in historical cannon on March 10, 1876, when Alexander Graham Bell did what?
What were the first words ever spoken over a telephone.
This statement shows if you are in a cash surplus
What is an income statement
This is money paid regularly at a particular rate for the use of money lent, or for delaying repayment of debt.
What is interest?
This is a tax on property transferred from deceased persons to their heirs.
What is an estate tax?
The word for putting money in your account is what?
What is a deposit?
This was the first food ever microwaved.
What is popcorn?
This protects individuals and businesses against possible adverse effects that could hurt them financially.
What is insurance
This is a liability that is usually paid in less than a year.
What is a "current" liability.
This is a government-run insurance program that provides healthcare assistance to the elderly
What is Medicaire?
What is the word for money charged for bank services?
What are bank fees?
This is the first college started in the United States founded in 1636
What is Harvard?
This enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, or account information inquiries, at any time and without the need for direct interaction with bank staff.
What is an ATM
This government bureau collects tax money and enforces tax law
What is the internal revenue service?
This is a government-run insurance program that provides healthcare assistance to poor Americans
What is Medicaid?
This keeps you money safe, takes deposits, and makes loans
What is a bank?
This was the first text message ever sent.
What is "Merry Christmas" sent December 1992.
A method that determines whether you would be a good risk for credit cards, auto loans, mortgages, etc.
What is credit scoring?
What is collateral?
This is a tax on items considered undesirable or harmful, such as alcohol or tobacco
What is a "sin" tax?
This is the government body that insures your deposits
What is the FDIC?
This was their first live television performance in the U.S. when they debuted in 1964 on the Ed Sullivan Show. 73 Million people tuned in that night.
Who are The Beatles
This is a document that outlines an person's financial position and net worth at a given point in time.
What is a personal balance statement?
What do you call earning interest on interest?
What is Compounding Interest