Savings and Loans
The percentage or sum of money charges for it's use/
What is interest?
The amount of money currently available in your bank account.
What is account balance?
A retirement plan funded only by employer.
What is a pension?
You employer must send you this form that tells how much you earned for the year and how much you paid in taxes.
What is a W2?
What is a W4?
This number may be used to determine whether you qualify for a loan or to determine your interest rate.
What is your credit score?
An entry recording a sum received, listed on the right-hand side or column of an account register or statement.
What is a credit?
This account has an income limit that prevents you from contributing.
What is a Roth IRA?
If you earn interest during the year you will receive this form.
What is a 1099INT?
The total amount you made on your paycheck before anything is taken out.
A type of savings account that pays a fixed interest rate for a specific period of time.
What is a Certificate of Deposit (CD)?
A bank account shared by two or more individuals.
What is a joint account?
What is 59 & 1/2?
Filing your taxes can be done in three ways including: paper filing, tax software or ___________?
What is a tax preparer?
What is one time or once ?
Interest calculated on initial principal and also on the accumulated interest from previous periods.
What is compound interest?
A U.S. government agency that insures deposits in banks.
What is FDIC?
The money you put into these accounts is pre-tax so you will pay tax when you withdrawal.
A specific amount set by the IRS that taxpayers can subtract from their gross income to determine their taxable income.
What is a standard deduction?
The minimum wage in the state of WA.
What is $16.66 per hour?
The three "C" things that lenders look for when deciding to approve a loan.
What are credit, collateral and capacity?
A 9 digit number that is used to identify a financial institution?
What is routing number?
This is a benefit of paying tax on your retirement after you retire.
Your tax owed is determined by your ___________ and ____________.
What is income and filing status (single, married filing jointly etc.)?
What is year to date?