Life Skills (1)
What is the fee you pay the owner for using their home?
Rent
What do you need to apply for a job, that includes your job history?
Resume
What is it called when a college student works for a company to get experience? Sometimes they have to pay for it and sometimes they get paid, and sometimes it is free.
Internship
What is the term for the initial payment made by a buyer when purchasing a house?
Down Payment
Name of the Government agency that collects federal income tax.
Internal Revenue Service
You make an agreement with an apartment owner. This written contract is called a ___?
This path involves identifying market opportunities, developing business plans, and launching and managing successful buisiness ventures.
What is entrepreneurship
What term refers to the ability to budget, save money, and manage finances responsibly, including making large purchases like cars and houses?
What is financial literacy
What is the name of a person on a resume that the employer may call to inquire how good of an employee you might be.
Reference
What type of insurance protects your personal belongings, such as furniture and clothing, in case of theft or damage?
Renters insurance
What term describes educational institutions that offer specialized training programs and certifications as alternatives to traditional four-year colleges and universities?
vocational schools or trade schools?
You take out a $500 loan and have to pay back $550. What is the extra money you have to pay back called?
Interest
What type of investment fund pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other assets?
Mutual Fund
If you do not brush your teeth, a sticky film of bacteria, called ___ continually forms around your teeth and gums
plaque
What is the process of having a professional assess the value of a property before finalizing a mortgage called?
Home appraisal
The apartment says that utilities aren't included in the rent. What is an example of one of the utilities?
Power, water, gas, or sewage.
This type of tax is imposed on the transfer of property after the owner's death.
What is an estate tax?
What term describes the tendency for people to prefer immediate rewards over larger rewards that require waiting?
Instant gratification
This form, known by its number, is used by individuals to file their federal income tax returns in the United States.
What is Form 1040?
What is the score called that determines your interest rate on a car?
Credit Score
What is the good temperature the furnace should be set at to save energy and still be comfortable? (Within 2 degrees)
65*
If you are paid every two weeks, how many paychecks will you get in a year? DO NOT USE A CALCULATOR
24 or 26
What is the term for the interest rate charged on the outstanding balance of a credit card if the full amount is not paid by the due date?
Annual Percentage rate
What is the process of transferring ownership of a property from seller to buyer called?
Closing or settlement
What is the term for a collection of investments, such as stocks, bonds, and mutual funds, owned by an individual or entity?
Investment portfolio