Taxes
Tax paid to the state, federal, and local governments based on income earned over the past year.
What is Income Tax.
A tax-deferred investment and savings plan that acts as a personal pension fund for employees.
What is 401(k).
The person who owns the property that you rent.
What is Landlord.
Anything of value that is owned.
What is Asset.
When someone uses your name, Social Security number, credit card number, and other personal information without your permission.
What is Identity Theft.
Tax on land and property.
What is Property Tax (Real Estate Taxes).
The amount of money the employee contributes towards various expenses (retirement, insurance, taxes) deducted from gross pay.
What is Employee Contributions.
Payment from a tenant to a building owner for the use of the specified property.
What is Renting.
The monthly amount you pay on your loan to purchase a home.
What is Monthly Mortgage Payment.
Making an unplanned or quick purchase without giving it much thought.
What is Impulse Buying.
Tax collected by a merchant when a purchase is made and then sent to the government.
What is Sales Tax.
A plan for setting aside money to be spent after retirement.
What is Retirement Planning.
Someone who pays rent to use land or a building or a car that is owned by someone else (lessee).
What is Tenant.
The right of a person to use and possess property to the exclusion of others.
What is Ownership.
Trustworthiness with money as based on a person's credit history.
What is Creditworthiness.
Document giving the tax collector information about the taxpayer's tax liability.
What is Income Tax Return.
A regular payment to a person that is intended to allow them to subsist without working.
What is Pension.
Charges paid by a customer to a power company that owns and operates facilities used for the generation, transmission, or distribution of electric energy.
What is Utility Expenses.
Property consisting of houses and land.
What is Real Estate.
A legal request for how an individual's estate (everything accumulated during a lifetime) should be distributed upon death.
What is Will.
financial investments where taxes due on the amount invested and/or its earnings are postponed until funds are withdrawn, usually at retirement.
What is Tax Deferred.
Lists current assets,a financial report that list assets, liabilities,equity on a given date.
What is Balance Sheet.
A partial payment made at the time of purchase.
What is Down Payment.
A fee charged by a lender on money borrowed on the loan to purchase a home.
Mortgage Interest
A non-profit organization sponsored by local businesses to provide general information on companies, is one of these. It maintains records on consumer inquiries and complaints and sometimes offers various consumer education programs.
What is Better Business Bureau.