Personal Finance 1
Personal Finance 2
Personal Finance 3
Personal Finance 4
100
When a business, or person is unable to pay her or his debts
What is bankrupt?
100
sum payable as profit for shares
What is dividend?
100
People who rely on another person for primary financial support---e.g., children, spouse, other family members
What is dependents?
100
Name two types of dependents
What is qualifying child & qualifying relative?
200
What is the percentage of medicare and social security on gross income?
What is 1.45% and 6.2%?
200
Expenses that are the same amount every time
What is Fixed expenses?
200
The percentage of a sales price received by a salesperson for her or his services
What is commission?
200
This taxable income is reported on a W2 form.
What is wage?
300
An organization that keeps on file the credit records of consumers
What is credit bureau?
300
To take back goods bought on credit if repayments have not been made
What repossession?
300
A payment made for the use of money that has been borrowed?
What is interest?
300
What are the 5 main types of taxes?
What are Income, Payroll, Property, Sales, & Excise?
400
The highest-valued alternative that must be given up when a choice is made
What is Opportunity Cost?
400
A document from a lender stating that a person has failed to carry out the terms of the contract
What is default notice?
400
A fixed amount of money paid on a regular basis to a permanent employee of an organization
What is salary?
400
Required charges of citizens by local, state and federal governments.
What taxes?
500
Having enough money saved to be able to withstand crises and emergencies.
What is Financial Security?
500
These are charged by banks for the keeping of accounts, writing of checks and other financial services
What are institutional fees?
500
Whether married or single, divorced, separated, etc.
What is marital status?
500
What two tax forms are represented within FICA? What does each letter mean?
What is Social Security & Medicare? What is Federal, Insurance, Contribution, Act?
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