Investments
What is an investment
Something you put money into hoping it grows in value
what is net income
the amount you keep after taxes and deductions
what is a retirement account where you can choose you own investments
Roth IRA
If the government increases taxes on workers, what usually happens to the amount of money workers have available to spend
what is less disposable income
What is the largest ocean on Earth
Pacific Ocean
What is an index fund
A fund that invests in many companies
what is gross income
the amount of money you earn before taxes and deductions
What retirement plan is commonly offered by an employe
401k
If more people want to buy stocks but the number of stocks available stays the same, what will most likely happen to stock prices
What is prices will increase
Which U.S. state is the largest by area
Alaska
Why are index funds usually less risky than one stock
They spread your money across many companies
taxes help pay for
government, schools, roads
What does an employer match mean in a 401k
What is when your employer contributes money based on how much you contribute
Why can starting a retirement investment early lead to much more money later
What is compound growth allows your earnings to earn additional earnings over time
what was the score of the seattle seahawks and the patriots
10-13
What does diversification mean
Spreading investments across different assets or companies
what federal agency that collect federal income taxes in the United States
the IRS
What is a traditional IRA
a retirement account where contributions may receive tax benefits and investments grow until withdrawal
What is compound growth allows your earnings to earn additional earnings over time
What is it decreases
what was the score of the madrid and inter
2-1
which is generally riskier keeping money in a savings account or investing in stocks
stocks
if you paid more taxes than you owed during the year, what might you receive
tax refund
Why is it important to start saving for retirement early
What is because your money has more time to grow through compound interest
A worker earns more money and moves into a higher tax bracket. Does that mean all of their income is taxed at the higher rate
What is no, only the income within the higher bracket is taxed at that rate
Who was the U.S. president during the Civil War
Abraham Lincoln