Credit card
statements
statements
What is a credit card statement?
A monthly document that itemizes your spending over the past billing cycle and displays applied charges as well as other information about your credit account.
What is car insurance?
A contract between you and the insurance company that protects you against financial loss in the event of an accident or theft.
What is a tax form?
The official government documents you're required to fill out when you pay your taxes.
What is a business organization?
An establishment intended to carry commercial business by producing goods or services and meeting the customers' needs.
What is a saving account?
A type of bank account that allows you to safely store your cash while earning interest.
What do credit card statements do?
A summary of the transactions on your account
What does car insurance do?
It helps pay for the injuries and damage that can happen when you own and drive a car or other motor vehicle.
What do tax forms do?
reports your taxable income to the IRS
What do business organizations do?
An entity formed to carry on commercial enterprise.
What does a savings account do?
Offers safety, liquidity and interest-earning potential for your funds.
Does your credit card statement show your credit score?
A credit card statement includes your available credit, amount due, due date, credit score, transaction history, and more.
What does car insurance do?
It helps protect your passengers.
Why is it important to fill out tax forms?
You'll avoid having to pay penalties at tax time and will keep as much of your earnings as possible.
What is the main purpose of a business organization?
To carry on a business
What is the role of a savings account?
It allows individuals to deposit and store their money while earning a certain rate of interest on the deposited amount.
What are the 3 most important pieces of information on a credit card statement that should be reviewed closely each month?
Interest, Fees, and Interest Rates
Why is it bad not to have car insurance?
You're more likely to receive several penalties, including a fine, having your car impounded, and getting your license suspended until you can provide proof of insurance.
What happens if i lose my tax forms?
contact the employer, payer or issuing agency and request a copy of the missing document or a corrected document
What are the functions of a business organization?
Human resources, finance, marketing, sales, and strategy.
What is the disadvantage of a savings account?
Variable interest rates, minimum balance requirements and fees.
What is the most important thing a person wants to see on a credit card statement each month?
Transactions from the billing period
What does the insurance not cover?
Auto insurance doesn't cover normal wear and tear. This can include things like brake replacement, engine repairs, or replacing windshield wipers.
What are the 2 most commonly used tax forms?
1040 and 1040-SR
What is the role of an organization in a business?
Helps in optimum utilisation of financial and human resources
What's the main purpose of a savings account?
Keep money for a later date, separate from everyday spending cash, because it offers safety, liquidity, and interest-earning potential for your funds.