Taxes
$ government takes from your income
Income taxes
Full time/ part time job
Earned
payment accounts for taxes paid to the state
In state tuition
The branch of economics that deals with structure, performance, behavior, and decision making of the whole or aggerate economy.
Macroeconomics
home loan with a permanent interest rate for term of loan
fixed rate mortgage
$ paid of what you own at death
Estate taxes
Total income before taxes
Gross income
Accounts for no tax; brings in more money
Out of state tuition
Retail value of all new products made in a nation in a given year.
Gross Domestic Product
Home loan with an adjustable interest rate
Variable rate mortgage
Tax paid on what value of assets and income
Wealth taxes
part time work to make extra money
Side hustle
time taken off to pursue training a break or experience
Gap year
The repeated rise and fall of economic activity over time
Business Cycle
loan using equity in your home. Helps pay debt or make updates.
Second mortgage
Legislated tax to raise costs on social goods
Excise tax
value of stock owned; returned to shareholders
Equity
pays for professors, texts, needs for the university
Tuition and Fees Books/supplies
A increase in economic activity overtime
Expansion
Short term loan to build apply for mortgage after
New construction loan
$ made off sold investments
Capital gains taxes
not subject to tax; retirement/health saving accounts
Adjusted gross income
The idea that your degree will get you a job that provides money to pay back loans
Return on investment
lowest level of econ activity
Trough
money to pay for insurance and taxes
Escrow accounts