Investments
What are stocks?
Stocks are small shares you own from a company.
What are taxes?
Money used from the people for government services.
What is a 401k?
Money sponsored by your employer offered by your business that is meant to be a future retirement plan.
What is insurance?
Compensation from the government and company for loss, damages, illness, or death in return you pay a premium.
What animal wags their tail and is very playful?
Dog
What is the first time a stock is sold to the public called?
And IPO also known as Initial Public Offering.
What is the range of tax bracket?
Interest you reciWhat is compound interest?
Interest you receive based on the prior interest earned.
What is a mortgage?
A loan to purchase real estate.
What buzzes around but is more dangerous than a bee?
A wasp.
Where are stocks bought and sold?
New York Stock Exchange, Americans Stock Exchange, and NASDAQ.
What is gross and net income?
Gross income:How much money you actually earn.
Net income: How much money you get after taxes/keep.
What is Pension?
A retirement plan for government employees.
What are the most common types of insurance people get?
Health insurance, car insurance, house insurance, and life insurance.
Sophia Vergara.
What are Indexes?
A collection of stocks-representatives of the stock market.
Where can people get someone to do their taxes or how?
They can get people to do their taxes at H and R block or do it themselves with Turbo Tax.
Who usually uses Social security?
People with disabilities, old people, or people with low income.
What is the range of credit scores?
300-850
How old is Kofa High School?
67 years old.
What causes the market to change?
Supply and Demand, earnings and expectations, and basically anything.
What are Regressive taxes and Progressive Taxes?
Regressive taxes- Taxes that are for everybody.
Progressive Taxes- The more you make the more you pay taxes.
What is the difference between a Traditional IRA and a Roth IRA?
Traditional IRA-Program done on your own where you choose your own investments, where you put money in a savings, with tax benefits when you deposit money but no tax benefits when you withdraw.
Roth IRA-A savings where you do everything on your own but is shielded from taxes instead.
What is a credit card and a debit card?
A credit card is money borrowed from the bank and a debit card is money your own money.
What is the school mascot of Illinois state university?
Reggie RedBird.