Income
It's money receive from work or through investment
What is Income?
It's money paid for goods and services
What is expenses?
What movie this line from “You ain’t got to lie, Craig”?
What is Friday?
It's a debt you owe to a person or business
What is Liability?
Money or property you own that has value
What is assets?
It's the government collects from money earned by businesses and individuals throughout the year
What is Income Tax?
To be financial responsible you need your _____ (car payment, rent, etc.) to be lower than what's coming in.
What is fixed expenses?
In Fresh Prince of Bel Air (at the end), where did the family move when they left the house?
New York
The range from 670 to 739 is an example of what type of credit score
What is good credit score?
The road to building assets start with _____.
What is saving?
It's the act of allocating resources, usually money, with the expectation of generating an income or profit
What is investing?
It's a tax paid to a governing body for the sales of certain goods and services
What is sales tax?
Finish the line "Brabz, stay in school. Don't ever be lazy, Don't you ever complain about hard work._____"
Work hard, it pays off.
It's an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor
What is debt?
It's tax paid on property owned by an individual or other legal entity, such as a corporation
What is property tax?
It refers to the amount an individual or business makes after deducting costs, allowances and taxes.
What is Net Income?
It's a company's strategy for managing its assets, cash flow, income, and expenses
What is a financial budget?
This notorious film, starring Oprah Winfrey, coined the phrase "You sho' is ugly!"
What is The Color Purple?
It's a person or organization that takes and uses something belonging to someone else with the intention of returning it
What is a borrower?
It represents a payment with either cash or credit to purchase goods or services.
What is expenditures?
It represents the total income from all sources, including returns, discounts, and allowances, before deducting any expenses or taxes
What is Gross income?
It's a percentage withheld from an employee's salary and paid to a government to fund public program
What is Payroll tax?
Respond to this statement: " Mom can we go to McDonalds"
What is do you got McDonalds money?
It's a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
What is profit?
It's a payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate
What is interest?