Taxes
What is Federal Income Tax?
Funds the Disney Corporation with money it needs to operate.
Money that supports the Executive, Legislative, and Prejudicial branch of the government.
A tax that supports the air traffic navy platoon system, the national board of realtors as well as the web of excessive disproportionate growth.
A tax that supports the federal government all its systems, highway construction, and the military.
A tax that supports the federal government all its systems, highway construction, and the military.
Mikey forgot to pay last month’s electric bill. If his bill was 203.26 and he has an interest rate of 26% per month, what would his new bill be?
256.01
255.76
239.66
280.11
256.01
A yearly fee that’s charged by the credit card company for the convenience of the credit card.
Annual Fee
A person or organization that buys/uses goods or services.
Consumer
When being hired to a job, which one of the following must you fill out:
1099-C
W-4
W-2
1099-EZ
W-4
A regressive tax takes the largest percentage of income from which group?
A. middle-income
B. low-income
C. high-income
D. people with no income
high income
Mr. Ray went to Costco to get supplies for the Snack Shack. If a box of 30 Cool Ranch Doritos packets costs 14.99 per box, how much would each individual packet cost?
A: $.25
B: $.50
C: $.75
D: $1.00
.50
A measure of an individual’s credit risk; calculated from a credit report using a standardized formula.
Credit Score
A debt evidenced by a “note,” which specifies the principal amount, interest rate and date of repayment.
Loan
What is a checking account?
financial accounts that are used for day-to-day cash deposits and withdrawals.
Which is not an example of a commonly used progressive tax?
A. an inheritance tax
B. a state drivers’ license fee
C. the federal income tax
D. a state’s income tax
Drivers license
Baby Eater, Sean Island, and King Bling want to make a collab album. They need a studio for their production so they decide to rent. If they rent the studio for 3 days, how much would it cost them? The rate for a medium size studio is $65/HR and they are there for 7 hours each day.
$1000.00
$1356.00
$1265.00
$1225.99
1356
Type of card issued by a bank that allows users to finance a purchase.
Credit Card
All of the decisions and activities of an individual or family regarding their money, including spending, saving, budgeting, etc.
Personal Finance
Investments that may be difficult to convert to cash quickly have a high ------- risk.
Inflation
Economic
Income
Liquidity
Liquidity
The United States uses a progressive income tax
A. because it raises a larger amount of money by taking more from high-income levels.
B. because it is most fair to all groups.
C. because it helps distribute the wealth.
D. All of the above
. Keaton wanted to go on a road trip to Ohio. Let’s say his car used 1 gallon of gas every 20 miles. From Naples Florida to Columbus Ohio, how much money would he spend on gas? Assume gas costs $2.33gal everywhere. Naples to Columbus is 1,181.5 miles.
$137.64
$420.69
$150.44
$1
137.64
Time frame that a loan agreement is in force, and before or at the end of which the loan should either be repaid or renegotiated for another term.
Loan Term
The knowledge and skill set necessary to be an informed consumer and manage finances effectively.
Financial Literacy
Consumer spending is likely to rise when:
Unemployment is high
Interest rates are low
Taxes rise
People are putting more money into savings accounts
Interest Rates are Low
What is a sales tax?
A)a tax paid to a governing body for the sales of certain goods and services
B) taxes paid to the people
C)a steady withdraw from one's account into the financiers account
D) a tax that is only put on cars and boats
a tax paid to a governing body for the sales of certain goods and services
Ms. Burdick is teaching a class of 26 students. A T-36 calculator costs $18.49 How much would it cost to supply each student with a calculator?
444.44
423.67
364.77
480.74
480.74
A decrease or loss in value.
Depreciation
A fee paid by a borrower to the lender for the use of borrowed money.
Interest
Rising prices causing lower buying power is referred to as…
An inflation risk
Botox
Democrats
An inflation risk