Mixed definitions
A tax that is based on a percentage of the selling price of a product or service.
What is sales tax?
A small paper is received each month in which a bank will record all your deposits and withdrawals.
Bank statement
A written order to your bank for a stated amount of money to pay to another person or business.
What is a check?
the benefit or percentage applied to your savings account that allows your money to grow
interest
The tax on the value of property owned by traxpayers.
What is property tax?
To match the bank statement with the checkbook register
To reconcile
A number you put into the machine in order to access your checking account
PIN number
To give money to someone and expect to get it back in a short term
To lend
The difference between the total income of a taxpayer the deductions allowed to that taxpayer.
What is taxable income?
The money you gain on the money in your account.
What is interest?
You create your own template to keep a record of your financial transactions
What is a check register?
increase of the prices of goods and services
Inflation
Originally designed to provide retirement benefits to all individuals who contributed.
What is the Social Security System?
To receive money from someone and you have to pay it back
To borrow
A computerized banking system.
What is an automated teller machine (ATM)?
To put money into a business and expect more in return
To invest
A separate retirement plan that you set up with your employer, and you define your own rate or amount of money to put into that account
401K
A safe place to keep money that you may need for emergency situations.
What is a savings account?
You paid it when you use a non-network ATM
Fee
The fact that your earnings is greater than your debts
Wealth