insurance
What is unemployment insurance?
it’s a government relief program for those who have lost encore due to their job.
What is an I.P.O?
initial public offering
What are some ways you can invest?
Invest into small businesses, stocks, completely buying out a company.
What two types of credit are there?
credits cards, and installment credit.
What are the 2 main types of taxes?
Direct and indirect taxes
What is Medicare?
Healthcare program for seniors over 65.
What is a dividend?
Distribution investors comeback and give more money to the companies
Why should you start investing?
It starts providing you passive income. Which gives you money while not even trying.
What is a pre paid credit card?
Putting a security deposit on it, which is your limit.
What are the 3 subscripts of direct and indirect taxes
proportional tax. Regressive tax. Progressive tax.
What is life insurance?
A financial support to family members at the time of your death
What is NASDAQ
Electronic traded stock
Who does corporations believe they serve
Bond holders. Suppliers. The community. Share holders. Employers
What is the 4 categories of credit?
Payment history
Amount due
Credit history
New credits
What is the difference between gross and net income?
Gross is how much you make before taxes
Net income is how much you make after taxes
What is home owners insurance?
for private homes. Property and liability. Property loss of or damage to home.
liability- damaged caused by accidents that may occur
What is an index?
Transfer stock costs into one.
What is an index fund
puts a little bit of money in big companies.
Can you have multiple credit cards?
Yes you can have as many credit cards as you want. Just make sure to pay them off
What is a regressive tax?
Portion of income that goes towards taxes decrease as you earn more income
For people that have lost income due to being hurt on the job
What companies are in the NYSE?
IBM, Ge, p&g, Exxon Mobil, Walmart
what is another option you can do to invest?
You can give it to professionals to invest while you can do your other job.
Why do people use credit cards?
Because they provide a credit score which helps you buy more expensive things.
What is progressive tax?
As income increases the percentage of taxes paid to the gov also increases.