investments
what are collectables and what are some cons?
an item that individuals collect as a hobby, display/investment; can be damaged or author going through a scandal...could dimish its value
what age are you eligible for you to get your social security paycheck
62+
what is the IRS and what does it do?
Internal Revenue Service and it is the tax collection agency in the US
characterised by rising prices and the economic tend decreases the purchasing of money over time
inflation
who was the runner up for the balloon d'or in 2025?
lamine yamal
what are exchanges ?
where stocks are bought and sold
ex: New York Stock Exchange and NASDAQ
what are pensions?
retirement plans where an employer makes regular payments to a worker after they retire which provides a guaranteed lifelong income
what is a progressive tax?
tax system in which individuals pay more in taxes as they make more income: income tax, rich people hit harder
what are certificates of deposits?
saving investment where you leave ur $$ in a bank for a set time and earn interest taking it out early may result in a penalty.
released in '94, this animated Disney film features songs like "circle of life" & ""can you feel the love tonight"
the lion king
What are some benefits from using cryptocurrency?
fast transitions, no bank/government controls it
what are compound interest?
interest which you receive based on the prior interest earned "interest in top of interest"
how many tax brackets are there and what do they mean?
7 different tax brackets; the more money you make, is where your money will fall on a specific tax bracket and pay that difference.
where a single company holds exclusive control over a commodity service in a market
a monopoly, famous term popularized in the 19th century
who made their series debut in 'fast and furious' drifting through the streets of Tokyo
Han; fast and furious Tokyo drift
True or False; Bear market means that the economy is doing well and stock prices are rising
false, Bear market means that the economy is bad and a recession is looming
what is a Roth IRA?
its on ur own; investments,etc... no tax benefits when invest and "shielded" from the government
16th amendment to the constitution; officially gave Congress the power to collect this type of tax
income tax
when a private company offers its shares to the public on a stock exchange for the very first time; three letters
IPO (Initial Public Offering)
green shape shifter can transform into any animal, from an ant to a t-rex
beast boy from teen titans
how do you make money in the market?
if you buy low, sell high... if stock prices goes up, sell it
who are the type of people most likely to get a pension
K-12 or university educators, public safety workers, and government employees are the people most likely to get a traditional defined-benefit pension. [1, 2]
What is a regressive tax?
taxes that are applied across the board, meaning they hit lower-income individuals harder
ex: sales tax
popular employer-sponsered retirement account allows employees to save pre-tax income
401(k)
disney character who loves reading books and swaps places with her father to stay in a magical castle
belle from beauty and the beast