paychecks
what is a paycheck?
Your paycheck is the money you get from work, usually every week or two.
When should you invest?
as early as possible, even in your early twenties if feasible.
Do accounts earn interest
traditional checking accounts typically don't earn interest,
why is communication important in finance?
accountants can effectively foster trust and understanding, both of which are essential for client retention and satisfaction.
what is a goal?
all the things you want to accomplish in your life.
When are W-2s Available?
Your employer should send W-2 Forms to you no later than Jan. 31 each year
How do you invest?
Identify your financial goals. Retirement should always be the first investing goal on your list.
Minimum balance for checkings?
$100 to $2,500
what is communication
the process of sharing information between people within the workplace and outside a company.
what are personal goals?
to gain valuable knowledge and experience
What information should be on a paycheck?
your name, address, and company department. Tax data: Marital status, allowances/exemptions, and tax withholding information Hours and earnings: Earnings for this pay period as well as year-to-date earnings.
what is investing?
putting your money towards something that will hopefully grow and increase in value over time
what are account fees?
A fee that some funds separately impose on investors for account maintenance.
Why do need communication in business
boosts employee morale, engagement, productivity, and satisfaction.
What are goals made for?
To motivate you to try new things
what can a paycheck do for you?
Get things paid for that need to be paid, or buy daily based things.
What is diversification?
the strategic expansion of a company into new products, services, or markets to reduce risk
how old do you have to be?
18 years of age
How is communication used in finance?
drafting emails, reports, and other documents to communicate financial data and insights effectively.
Why are goals important?
Goals can help motivate you for the future, and help try new things
What's the Difference Between Gross and Net Income?
gross income is the total amount you earn, and net income is actual business profit after expenses and allowable deductions are taken out.
What should you do Before you invest?
Identify your financial goals
what is the interest rate?
average rate for checking accounts was 0.08%
how do communication work in business
is the process of sharing information between people within the workplace and outside a company.
do you need goals in life?
Setting goals and working to achieving them helps us define what we truly want in life.