Taxes
Progressive Tax is an example of...
Income
What type of account doubles as a checking account?
Money Market Account
The measure of how likely you are to pay something back
Credit
Someone who buys and sells stock professionally
Stockbroker
Clothing is an example of a...
Need
Regressive tax is a...
Sales taxes
What type of saving does COD stand for?
Certificate of deposit
Borrowing money from a bank
Loan
A common account used through a bank
Checking account
A PlayStation 4 is an example of a...
Want
Part of your check that is taken out for medicare
FICA (Federal Insurance Contribution Act)
What do you need when putting money into a savings account?
Deposit Slip
The lowest amount a customer can pay on their revolving credit account per month
Minimum monthly payment
The original amount of money put into an investment
Principal
Water is an example of a...
Need
What is the type of tax you pay on real estate
Any property
How much money should you put into an emergency fund?
$1000
What happens to your credit score when you close a credit card?
credit score lowers
Type of interest that grows over time at very fast rates
Compound Interest
Something that is necessary in your life that you cant live without would be...
A need
The sum of all income before deduction of taxes
Gross Income
What is the type of saving that someone can get from the government?
Bond
Borrowing money from a bank is an example of a...
Loan
Someone who examines your financial records and makes sure your taxes are paid and on time
Accountants
Something that is not necessary in your life but is something you would like to have would be...
A want