INSURANCE
Protection against possible financial loss
What is insurance?
A tax imposed on a person or property
What is a direct tax?
A firm that manages money and provides financial services
What is a bank?
The maximum amount of charges allowed to the account.
What is the credit limit?
No amount of knowledge will help you keep a job if you don't have ____.
Good job keeping skills.
The set amount that the policyholder must pay per loss on an insurance policy
What is a deductible?
True or False? If the amount of taxes withheld from your paycheck is less than your total tax, you will be receiving a refund from the IRS.
What is False?
Taxes, insurance, retirement accounts, and bills taken out directly
What are deductions?
A card that enables users to withdraw money from their checking accounts.
What is a debit card?
Define the 3 Personal Qualities and People Skills we went over.
What is Ethics, Teamwork, and Creativity/resourcefulness?
A federally funded health insurance program available mainly to people over 65 and to people with certain disabilities
What is medicare?
A tax rate that increases as the tax base increases in an example of what kind of tax rate structure
What is Progressive?
Insures up to $250,000 and serves as insurance for banks.
What is the FDIC?
What are the four major credit cards?
Visa,MasterCard,Discover, and American Express
Explain why Employ ability Skills are important.
What is to get hired for a job
A fee paid for insurance
What is a premium?
Social Security Tax, Federal Income Tax, State Taxes, Medicare Taxes are all types of this tax.
What is a sales tax?
A card that enables users to withdraw money from their checking accounts.
What is a Federal Reserve?
character capacity capital collateral credit history
What are the 5 C's of credit?
Being able to use a computer and other current technology essential.
What is technology skills?
Insurance that is usually offered by employers, who pay part or all of the costs of their employees
What is a group insurance?
To raise revenue for government spending
What is the purpose of taxes?
These individuals own most commercial banks
What is stockholders?
Susan invests $2,000 in a mutual fund and after 8 years, she has $5,600. What is her rate of return?
What is 180% return?
What are the steps you must take in order to get a job?
Find a job ad, application, interview, on site training