tax returns
is not filing a tax return a crime?
yes
what is the regular amount to be paid back is called..?
the principle
how long is the grace period
6 months
what is a disadvantage?
does not provide for everyone, people who are young, old sick could be left behind.
how do businesses create revenue
by creating and selling products
where should tax return be filed?
what are secured loans
loans that rely on collateral
is MEFA private of public?
private
what is an advantage?
high degree of freedom, small degree of government interference, variety of goods and services.
what is a producer
businesses that create goods and services
what are consequences of false info
financial penalties and fines
what are unsecured loans
is the website like the federal students loan private or public
public
what can capitalism include?
profit, economic freedom, competition
what is a manufacturer
a type of producer that uses raw materials from other producers and converts them into finished goods.
what is the limit till you must file a tax return
in MA it is $8000
what are the type of loans?
educational loans, vehicle loans, home loans, personal loans.
do private student loans have higher loan limits?
yes
who makes the decisions in a mixed economy
government and individuals
what is a conversion
process of changing and improving resources to create goods or services.
when should you file?
no later then April 15th
where can you find personal loans?
banks, credit unions and online lenders
do public loans have an option for loan relief?
they do
what does GDP mean
Gross domestic product.
what are the function of businesses