Business
When expenses = revenue
What is the breakeven point?
The loss of value of a car over time
What is depreciation?
$80,000
What is the yearly gross salary where people start to report happiness?
If you are supported by your family you are considered this by the IRS
What is a dependent?
Share/ownership of a publicly traded company
What is a stock?
What is revenue?
15 or 30 years
What is the amount of money you should have in savings?
April 15th
A workplace retirement plan that has tax advantages and sometimes employer matching
What is a 401K?
The amount of money remaining after expenses are subtracted from revenue
What is profit?
To take back goods bought on credit if repayments have not been made
What is repossession?
A payment made for the use of money that has been borrowed?
What is interest?
The type of tax system followed by the United States?
What is a progressive tax system?
What is a Roth IRA?
Consumers buy less when prices increase
What is the Law of Demand?
A score used by lenders to determine your worthiness to borrow month
What is a credit score?
A fixed amount of money paid on a regular basis to a permanent employee of an organization
What is salary?
The form your employer sends to you by Feb 1st to complete your taxes
What is a W-2?
Payment recieved by stock holders as part of profit sharing
What is a dividend?
Fixed and Variable Expenses
What are the two types of business costs?
A ratio used to determine if you can afford a home loan
What is the debt-to-income ratio?
$1.5 million
What is the amount of money you should save for retirement?
What two tax forms are represented within FICA?
What is Social Security & Medicare?
When a company increases the number of shares and decreases the price per share
What is a stock split?