Insurance
Name a type of insurance
Health, Auto, Home, etc.
What is the importance of taxes
to pay for public stuff and support government buildings
Net pay defination
Net pay is the amount of money your employees receive after any taxes and deductions are taken out.
Malcolm wants to make a deposit into an account that earns interest. What type of account should he consider?
Savings Account
S in SMART stands for?
Specific
Do you need auto insurance if you dont have a vechile?
No
What is the total cost of an apple with 5% that costs $1.00
1.05
Workers Compensation Definition
Combines disability and health insurance for employees who get injured on the job. It'll cover injury-related medical bills and part of your income while you're recuperating.
Debit card defination
A card that takes money straight out of your checking account
M in SMART stands for?
Measurable
Why is insurance important?
To replace or fix things that may be expensive easier.
Amy opens a savings account with $ 1,750 she received for graduation. The account pays 4.3% simple interest. What is the balance after 6 months?
1783.63
Gross Pay definition
Gross pay is the amount of money your employees receive before any taxes and deductions are taken out.
Credit Card defination
A card that takes money from a company that you pay back later
A in SMART stands for?
Attainable
If you don't have something insured and it gets damaged, who pays for it?
You do
Simple Interest formula
A = P(1 + rt)
Savings account defination
A bank account where you store money where it has interest which will get you more money
Which bank account do you need to have a debit card
Checkings account
R in SMART stands for?
Relevant
Why is insurance important
Its mandated by the law
Unexpected does happen
The lender says so
APR stands for?
Annual Percentage Rate
Checkings account defination
A checking account is a deposit account held at a financial institution that allows withdrawals and deposits
As many as you want
T in SMART stands for?
Timebound