TAXES
The amount of money an employee takes home.
What is net pay?
The date taxes are normally due?
What is April 15th?
A small-time boxer from working-class Philadelphia is arbitrarily chosen to take on the reigning world heavyweight champion...
What is Rocky?
“My momma always said, ‘Life was like a box of chocolates. You never know what you're gonna get.’”
Who/what is Forest Gump?
Charges cardholders may be responsible to pay on a yearly basis.
What is an annual fee?
An individual's total earnings before any deductions
What is Gross Pay?
A portion of your paycheck your employer sends directly to the government each pay period.
What are Withholdings?
“Oh, supercalifragilisticexpialidocious!"
What is Mary Poppins?
Focusing on one thing, in that moment, without judgment
What is Mindfulness?
A type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets.
What is a Mutual Fund?
Whether you are single or married - your relationship status determine how you will file your taxes
What is filing status?
Items and expenses subtracted from your income to reduce the amount of income that is subject to being taxed.
What are deductions?
The only horror film ever to win best picture. It also won best director, adapted screenplay, actress, and actor. Loosely based on a true story.
What is The Silence of the Lambs?
A skill that is designed to keep pain from turning into suffering. However, it is NOT approval, but rather completely and totally accepting with our mind, body and spirit that we cannot currently change the present facts, even if we do not like them.
What is Radical Acceptance?
BONUS - totally random to anything you have in IOP
The National Animal of Scotland?
What is the Unicorn?
The personal income your receive over the course of a year, minus certain types of deductions
What is Adjusted Gross Income?
A dollar-for-dollar reduction of the amount you owe - for example, you may be eligible for the plug-in vehicle "deduction"
What is a tax credit?
"Remember Red, hope is a good thing, maybe the best of things, and no good thing ever dies."
What is...The Shawshank Redemption
In the 50-30-20 budget rule...the 30% rule refers to what...?
Bonus Question: Who popularized this budget rule by including it in her book?
What is...Wants?
Who is Elizabeth Warren?
A product offered by banks and credit unions that provides an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time
What is a Certificate of Deposit?
A retirement account often popular with independent contractors because they do not have access to a 401K
What is an Individual Retirement Account (IRA)?
TOTALLY RANDOM - What does the M & M (candy) stand for?
Who are Mars and Murrie?
Shows how a life strictly devoted to education instead of love, faith, or trust would be a sad existence.
What is Good Will Hunting?
This small and thin object can build your credit — or ruin it
What is a credit card?
A tax-advantaged, defined-contribution retirement account offered by many employers to their employees. It is named after a section of the U.S. Internal Revenue Code
What is a 401K Plan?