INVESTMENTS
What are 3 reasons people invest?
-retierement
-purchasing power
-inflation
What is something that EVERYONE must have for retirement
-Social Security
What happens if you DON'T pay your taxes
A retirement fund is employer sponsored
What is a 401k
FROM THE MCU, who was Peter Parker's first GF?
-Liz
What is a stock
purchasing part of a company
What is a 401k?
Your job matches the money you put in
What is a regressive tax?
-A tax on everybody, BUT it hurts lower income people the most
More money creates more money
What is compound interest?
What do you get when you do 20 pull-ups for the US ARMY (on campus)
-A go-army bag
Is a collectible a risky, medium, or safe investment
medium risk
What are 3 things that would help you in retirement
-pension
-social security
-IRA
What is a progressive tax?
-An income-based tax
An investment in multiple companies at the same time
What are index funds
How many pairs of cleats does the QB have in KOFA Football
-TEN PAIRS 😏
What does it mean when a house appreciates
What does it mean when a house depreciates
-It goes up in value
-It goes down in value
What is the difference between a Traditional IRA and a ROTH IRA?
-Traditional has a capital gains tax
-ROTH IRA does not
What is the range of tax brackets people are placed into?
Hint: percentage
-range: 10%-37%
Free in Canada because of taxes
What is health care?
How many wrestlers are on the KOFA High Football team?
5
The investment in multiple different companies
What is an Index Fund?
What is not offered by everybody?
Pension
What happens if you earn extra money by the end of the year and you move into another tax bracket?
JUST the extra money gets taxed.
Why would a person go to H&R block to file their taxes
If they have:
-A complicated lifestyle
-Own a buisness
What is Optimus Prime's original name
Orion Pax