Accounts
This account lets you withdraw, deposit, and make transfers for everyday transactions.
What is a Checkings Account?
This way to invest requires you to put money into a bank account and let it build interest over time.
What is a Savings Account?
A sum of money that individuals have to pay the government to fund government activity.
What are Taxes?
_____ helps you cover the payment of an expense from an event.
What is insurance?
A ____ is a group of people or an organization that makes or sells things, or provides services, to earn money or help others.
What is a business?
This account lets you deposit money into it and the money grows over time with interest.
What is a Savings Account?
This way to invest involves giving a loan to the government which they'll pay back to you in a number of years.
What is a bond?
This type of tax is taken from the money people and businesses earn through work.
What is Income Tax?
this is a fee you pay every month to ensure the insurance company pays to fix your problem.
This type of business ownership is one where one person owns everything and takes all the responsibility.
What is a Sole Proprietorship?
A savings account where it lets you put money in it for a set period of time that builds interest that you CANNOT touch without a massive penalty?
What is a CD (Certificate of Deposit)?
This way to invest requires buying shares of a company hoping that those shares will increase in value.
What is buying stocks?
This tax is added to the price of things people buy.
What is Sales Tax?
Depending on your policy you may have to pay a bit of the expense before insurance pays for you this is known as a ________.
What is a deductible?
This type of ownership is a business owned by two or more people sharing responsibility.
A financial account that is held with a company that you can fund money into to buy stocks.
What is a Brokerage Account?
To invest is hoping that what you buy will increase in _______ over time.
Value
This tax is paid by those who own homes and the land they're on.
What is Property Tax?
This is an insurance that grants money to the deceased love ones.
This business is a large business, a official group with legal rights, often owned by shareholders.
What is a company?
This account is an account where you deposit money for retirement and can not have access to it until you reach the age of 60.
What is a IRA (Individual Retirement Account)?
This investment method is tied to a savings account your employer offers you that can come with tax benefits.
What is a 401(k)
This tax is applied to goods imported into a country.
What is a Tariff?
This is a flat fee that you pay each time you go to a doctor or fill a prescription.
What is a co-pay?
This is a type of business where the owners are protected from being personally responsible for the business's problems, like debts. This business can be owned by multiple people but if one leaves the business has to dissolve.
What is a LLC (Limited Liability Company)?