Stock Market
What is a collection of stocks, bonds and other securities owned by a group of investors and managed by a professional investment advisory firm that the investment gives you instant diversification and a lot of flexibility?
What is a mutual fund?
A person who is paid a fixed amount of money for a period of employment.
What is a salaried employee?
Prove an incentive for certain types of spending seen as desirable by lawmakers who created them.
What is tax credits and deductions?
This is an unsecured, revolving loan in the form of a line of credit.
What is an index of 500 large company stocks that represent all major sections of the economy in the Unites States?
What is the S&P 500
A wage paid to an employee using a formula based on performance.
What is commission?
A tax that takes a higher percentage of income from the wealthy or high-income earners than from the poor or low-income earners.
What is a progressive tax?
The amount of money a persons pays before the insurance company pays.
What is an insurance deductible?
What is the definition of “credit”?
This helps you earn money on a return on investment from your investment earnings.
What is compounding?
This provides employees with a share of the company's annual profits.
What is a profit-sharing plan?
These takes are normally hidden un the cost of a good or service
What is excise taxes and tariffs?
What is actuarial value?
This is not considered when determining your credit score.
What is your current annual income?
Investments in the stock of big companies, often defined as having a total market capitalization of over $10 billion.
What is large cap funds?
This is the amount of earned income per pay period before any deductions or taxes are withheld.
What is gross pay?
Any type of investment, financial account, or savings plan that is either exempt from taxation, tax-deferred, or offers other types of tax benefits.
What is tax-advantaged?
If a person chooses not to insure their new television because the cost of coverage outweighs potential benefits, what strategy is being employed.
What is risk assumption?
A type of debt that is usually not erased by a bankruptcy filing.
What is a student loan?
The time frame during which the investor makes and manages investments.
What is an investment horizon?
This requires a mandatory payroll deduction from all wages and its tax rate is 7.65% and consists of a 6.2% Social Security tax and a 1.45% Medicare tax.
What is Federal Insurance Contributions Act(FICA)?
The form used to file income taxes.
What is a W-2 form?
This pays for bodily injury and property damage sustained by others that you or members of your household may be responsible for.
What is homeowners liability coverage?
Cardholders have a typically 21 days after the billing date to make their card payment.
What is a grace period?