Taxes
A sum of money demanded by the government to support facilities and other services.
What is taxes
The two types of depository institutions
What is a bank and credit union
Category property taxes fall under
What is Housing costs
Referred to as a budget
What is spending plan
Everything a person owns with monetary value
What is Asset
Amount determined by your earned and unearned income.
What is federal income tax
This depository institution offers unlimited check writing
What is a bank
Equation to calculate Net income
What is Total income - Total expenses
Control system that uses a checkbook register
What is Check register system
Asset whose value is stated in or converted into an amount of money
What is Monetary Asset
A tax on personal property.
Property tax
Insurance that is provided on deposits in a bank
What is FDIC
To change net loss to a net gain
What is decrease expenses, increase income
System that involves placing budgeted amount of cash into an envelope labeled for expense
What is Envelope System
Debt or obligation owed to others
What is a liability
Tax on purchased goods and services
What is Sales Tax
Number of branch locations a credit union has
What is 1
Type of Credit cost
What is student loan payment
Two types of control systems
What is Envelope system and Check register system
Obtaining additional income or held by selling in the future
What is investment asset
Taxes collected from the seller or retailer that is "hidden" in the price.
What is Excise Tax
Amount of insufficient fund fees to pay in a bank
What is $24
Type of received income from government programs
Percentage of net income for housing included in spending plan
What is 30%
Assets like personal property, cars and electronics
What is Tangible Asset