Housing
What you sign to move in to your apartment
What is a lease?
A loan with collateral.
What is a secured loan?
A tax that takes a portion of your paycheck.
What is income tax?
What is the famous Benjamin Franklin Quote about taxes?
"In this world, nothing is certain but death and taxes"
What form do you fill out to apply for financial aid?
What is a Fafsa?
What you pay before you move in to cover any damages for an apartment
What is a deposit?
What you need to provide to get a payday loan
What is a pay stub?
A tax that you pay once a year to own your lake place.
What is property tax?
What is social security tax for?
Provide funds for older and disabled Americans
What is the difference between a grant and a loan?
A grant does not have to be paid back
Name the 5 utilities you may have to pay as a renter
Electric/Heat
Water
WIFI
Sewage
Trash
These loans are completed based off your parent/guardian income.
What is student loans?
The tax you pay to recover your property, land, or money worth over 1.5 million after the family member dies.
What is estate or death tax?
How does one qualify for unemployment? (2 reasons)
An employee must be fired/ laid off for no fault of their own and looking for work.
How many years is a bachelor's degree typically?
4 years
What it's called when a tenant is removed from the rental?
What is evicted?
What is called when your new vehicle immediately loses value when it is driven off the lot.
What is depreciation?
The tax that discourages you from using the item like cigarettes or alcohol.
What is the excise or luxury tax?
Name two entitlement programs
Social Security
Medicare
Medicaid
Food Stamps
Bonus Question: Decide how many points you want to make this worth.
Topic: Student Loans
What are student loans missing that Mr. Reynolds explains making them the worst type of loan there is
your rent should not exceed this % of your income.
what is 30%?
What you must provide to get a business loan
What is a detailed business plan?
The tax that stops families from just signing over the property to other before they die to avoid the death/estate tax?
What is gift tax?
What is the difference between progressive and regressive tax?
progressive tax takes larger portion from wealthier people (Tax Brackets)
regressive tax takes higher portion from poor. (Sales tax)
What is the difference between subsidized and unsubsidized loans?
Subsidized loans do not accrue interest until you graduate.