Taxes
Tax placed on items that are harmful, like alcohol and tobacco
What is the sin tax?
Revenue and expenses over a period of time
What is an operating budget?
Total amount of goods and services produced in a country in a year
What is Gross Domestic Product (GDP)?
A non-profit bank
What is a credit union?
Two ways the government makes money
What is taxes and borrowing money?
Tax placed on imports
What is a tariff?
Process a company goes through to evaluate potential major projects of investments
What is a capital budget?
Stock market trackers
What is Dow and S&P 500?
How banks make money
What is charging interest on loans?
Ratio of number of people whose income falls below the poverty line; taken as half the median household income of the total population
What is the poverty rate?
Federal tax on transfers of money or property to other people
What is a gift tax?
The amount of money a person has left of his income after taxes
What is take-home salary?
These pay for Financial benefits for disabled persons or persons who need financial assistance
What is social security taxes?
Sum of money paid regularly by a company to its shareholders
What is a dividend?
Not having enough paid work or not doing work that makes full use of their skills and abilities
What is underemployed?
Tax on the net value of an estate of a deceased person
What is estate tax?
What is a mutual fund?
Government payments that individuals and businesses feel they have a right to because they meet certain requirements
What is an entitlement?
A kind of mutual fund that invests in highly liquid, near-term instruments
What is a money market fund?
Refers to municipal or local laws or regulations that dictate how real property can and cannot be used in certain geographic areas
What is zoning laws?
Taxes on items such as alcohol, fuel, and tobacco
What is excise tax?
A home loan
What is a mortgage?
Increase in prices/decreased value of money
What is inflation?
Product offered by a bank or credit union that provides an interest rate premium in exchange for leaving a lump-sum deposit for a period of time
What is a certificate of deposit?
Producers choose what to produce, consumers choose what to consume
What is a free market economy?