Vocab
What is the Full-retirement age in the United states?
The age is 66.
As a working adult what tax form do you need to fill out?
Form 1040
What is equilbrium?
Where the functions of suppy and demand intersect.
How many steps are there to a lease agreement?
The one I made is 10 steps.
Do I get social security taken out of my check?
Yes I do.
What is consumer price index?
An index of the variation of prices paid by typical consumers for retail goods and other items.
What is a W-4 for?
Employee's withholding allowance certificate, to determine the amount of income tax to withhold from your pay.
What is wholesale price?
The price the manufacturer charges the retailer.
When does a late fee take place?
After 3 days of being late.
What is another term for gross pay?
Take-home pay
What is profit?
The money left after all expenses are paid.
If I am single and have no kids what status would I choose?
Single
What is markup?
When retailers increase the price a certain amount.
How much is rent?
The rent on this agreement says $1,700.
Do all workers pay the same percentage of federal income tax?
What does it mean to be personally liable?
When you as the owner of a company are responsible for any losses.
If I am married but want to file my own taxes what is my status?
Married filing separately
What is retail price?
The price the retailer sells the item to the public.
What is the address of this house for this lease term?
2024 Sunset St.
What is the most common pay period for jobs?
Every two weeks.
What is the Dow-Jones industrial average?
A widey watched benchmark index in the U.S. for blue chip stocks.
Did I do god or bad on taxes this year in my econ/civics class?
good
How much is premium gas?(the gas I have to get.
it is currently $5.59 a gallon.
When does this lease term end?
It ends 1/13/25.
Do all U.S. states withhold state income tax from workers' paychecks?
Not all states take state income tax.