Taxes
This type of tax helps pay for Greeley Central High School.
What are property and sales taxes? (you only need to mention one)
If transactions take your account balance below zero, you could get hit with this.
What are overdraft fees?
Used to finance a specific purchase for a specific amount of time. Regular payments are made to pay the interest and the principal.
What are installment loans?
_____the money someone is paid at a specified rate for use of cash that has been len
What is Interest?
The amount of money you agree to pay before the insurance companies start to pay.
What is an insurance deductible?
Your take home pay.
What is net pay?
Having this means that you don't have to go the bank to cash your pay check.
What is direct deposit?
An open line of credit that can be used for any purchases as long as you’re under the credit limit. Payment amounts vary each pay period based on the size of the debt.
What is revolving credit?
The bank calculates interest based on the previous balance plus the last period's interest.
What is compound interest?
A class you can take that helps you learn how to be an adult.
What is personal finance?
The date your taxes are due.
What is April 15TH?
This allows someone to make a purchase now and pay for it later.
What is a credit card?
Debt is tied to a specific asset that can be used as collateral and repossessed if borrower doesn’t make payments.
What is secured debt?
_____is a financial vehicle that pools assets from shareholders to invest in securities like stocks, bonds, money market instruments, and other assets
What is a Mutual Fund?
_____depicts a consumer's creditworthiness.
What is a credit score?
Social Security percentage
What is 6.2%
If you use this card the money will be deducted from your account immediately.
What is a debit card?
The initial size of the loan.
What is principal?
This is when a company first goes public.
What is an IPO or initial public offering?
_____is a fixed-income instrument that represents a loan made by an investor to a borrower (typically corporate or governmental)
What is a bond?
Most commonly used to report earnings as an independent contractor.
What is a 1099?
A place to deposit your money for a later time. Sometimes ________ accounts are linked to checking accounts.
What are savings accounts?
Debt is not tied to a specific asset; there is no collateral that can be repossessed if the borrower defaults
What is usecured debt?
A security that represents the ownership of a fraction of the issuing corporation
What is a stock?
A fixed amount ($20, for example) you pay for a covered health care service after you've paid your deductible.
What is a copay?
Form Americans use to file thier federal tax return.
What is form 1040?
A non-profit, member-owned financial cooperative.
What is/are Credit Unions?
_____ is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned
What is the intrest rate?
A marketplace where stocks, bonds and other securities are bought and sold.
What is a stock exchange?
______is a federal program in the U.S. that provides retirement benefits and disability income to qualified people and their spouses, children, and survivors.
What is Social Security?