Consumerism
What is the first step in the complaint process?
Return to the store with your receipt
The amount of tax withheld for the year can be found on what form?
W-4
When creating your budget, you should base it off of what income?
Net Income
Pay the debt if the debtor does not pay
Ownership in a corporation is represented by
Stocks
What is the significance of April 15th?
Taxes are due!
What expense should be reduced first when cutting your budget?
Entertainment expense
When a person cannot pay for an item they purchased on credit and the creditor takes it back (like missing multiple car payments)
Reposessing
Stocks issued by a large corporation with long, steady records of paying dividends
Blue Chip Stocks
No Warranty
Which tax impacts those with lower incomes more than those with higher incomes?
Regressive
A decline in a car's value over time is called
Depreciation
What can happen if a person cannot pay their bills
File for Bankruptcy
Which type of COMPOUNDED interest will have the highest return?
Daily
Advertising an extremely low priced product to lure consumers into the store with no intention to sell it is called
Bait and Switch
Federal income tax is what kind of tax?
Progressive
Security Deposit
Loan with a higher interest rate that is offered to borrowers with low credit scores
Subprime Loan
A ________ is actually a lender to the company that issued the bond
Bondholder
This agency protects consumers from unreasonable risks of injury or death from products EXCEPT food, drugs, and cosmetics
Consumer Product Safety Commission (CPSC)
Property Tax
Making house payments (mortgage payment) helps build what on your house?
Equity
What is the first thing you should do if you notice an error on your credit card statement?
Contact the credit bureau
Am investor that spreads investments among different kinds of industries in engaging in _____________
Diversification