Investments
What is one of the shortest investments?
Crypto
What is compound interest?
It is the interest you receive based on the prior interest earned. (Interest on top of interest)
progressive and regressive taxes
Progressive taxes change with a higher income, while regressive taxes remain the same.
What types of car insurance are there?
Liability
Collision
Comprehensive
What is sin, cos, tan
Sine Cosine Tangent
What is a CD?
A CD (certificate of deposit) is a savings investment where you leave money in a bank. The length of the investment can be either short-term or long-term.
What is a traditional IRA?
A person gets lower current taxes; they get faster compounding and lower future rates. This works best if you expect to be in a lower tax bracket.
What is the overall tax bracket range?
10-37%
What is the credit score range?
300-850
what is the rotation speed of earth
1040 mph
What is an index fund?
A type of mutual fund or exchange. A traded fund that buys a part in every company on a market.
Name all forms of retirement plans (that we have discussed in class)
Pensions, 401k, traditional IRA, roth IRA, Social Security
True or false?
If you earn more money, your entire income will be taxed at a higher bracket.
False, only part of your income that enters that bracket will be taxed at that rate.
When will you have a landlord?
When you are renting a house or apartment, or a piece of land
what hero got bit by a spider
spider man
What are stocks?
Stocks are shares of a company and mean you own part of it.
What is a 401k?
It is an employer-sponsored retirement plan but is not offered by all employers.
What is a W-2 form?
It is a form that shows how much money you earned and how much of the taxes you've paid over the year.
What asset appreciates over time?
Houses, certain collectables, etc...
what does DSLR stand for
Digital Single Lens Relfex
What are Indicies?
Indicies are a collection of stocks (DOW Jones and S&P 500)
What is Social Security?
Social Security is required by the government; you pay Social Security through your working career, and you receive a monthly "paycheck " when you retire.
Gross income and Net income
Gross income is your pay before deductions
Net income is your pay after deductions
What is a premium?
The amount you pay to the insurance company for the policy you are buying
what are the first three computers to enter the market?
Apple 2, TRS 80, Commodore Pet