Getting Paid
The lowest hourly wage employers can pay most wage workers by law is called:
minimum wage
A credit card represents
a line of credit
The following are all examples of what? Personal Property, Cash, House, Automobile, Savings Account
Assests
Any form of money received (paycheck, wages, allowance, gifts).
Income
Which of the following is the amount charged as a percentage of the initial loan borrowed from a lender?
Interest Rate
The following are examples of what? Credit Card Balance, Auto Loan, College Loan, Medical Bills
Liabilities
Salaried workers are expected to work until...
They get the job done, regardless of how long that takes.
FDIC insures customer deposits up to:
$250,000
If you own more than you owe, you have what?
Positive Net Worth
The easiest way to save a portion of your check each pay period is to set up _____________________ with your employer.
Direct Deposit
When you own shares (stock) of a company you are called a..
Shareholder
Total Assets - ______________ = Net Worth
Quick and unexpected changes in price or value is known as
Volatility
When the IRS looks at your tax return and it is your job to prove that your tax return is accurate, the IRS is conducting an
Audit
The ease with which assets can be converted into cash without losing value.
Liquidity