Taxes
Franklin made money from doing some funny business. what type of income is that
Earned
Health insurance requires you to pay what
A premium
Lester is trying to send you some money you made on a heist. what are some peer apps that he can possibly use
Venmo, Apple Pay, Google Pay, Cash App, PayPal, Zelle, Square Cash
what does PMI stand for?
Private Mortgage Insurance
Difference between gross and net income
gross income is the total amount you earn, and net income is the actual pay after expenses and allowable deductions are taken out.
Micheal decided to do his taxes. What are some ways that he can file taxes.
Paper, Tax Preparer, Online, Tax Software
Trevor is in need of a medical emergency from partaking in some funny business. what type of insurance does he need.
Health
What are most used payment methods that scammers use
wire transfer
True or False: choosing the right type of mortgage can have a large impact on Micheal's ability to get financing
True
what are the 3 R's
Reality, Responsibility, and Restraint
Chop was mad that his money did not match up with his total hours worked. What is it call when that money is not included in a paycheck
Withholding
Micheal dies and jimmy takes a portion of his stuff. What is jimmy in this situation
a beneficiary
Dom Toretto is trying to find a type of mortgage that its rate doesn't change. what mortgage should he get?
Fixed Rate
Fill in the blank: Specific, _____ , Action-oriented, Realistic with a Time-frame (SMART)
Measurable
What are 2 taxes that Micheal has to pay on his houses
Property Tax, Estate Tax
jimmy needs a particular thing in order to registered his car. what is it
Auto Insurance
After Micheal is finished writing his check. what should you always do with blank areas?
Draw a line through the blank areas
What are some government insured mortgages
Federal Housing Administration (FHA), Department of Veterans Affairs (VA), US Department of Agriculture (USDA)
what remains after savings and fixed expenses have been met
Discretionary income
Micheal notices the average tax rate is less than the person's marginal tax rate. what is this called
Progressive
Marco, when talking to his lawyer, was told that he will need a. Power of Attorney, Last Will and Testament, Codicil to Will, Living Will, Living Trust, Transfer on Death Deed which are all a part of what?
Estate Planning
What payment has zero protection
Cash
Franklin wants to find a crib to stay. What does he need in order to get a place to stay.
Security Deposit, Down Payment, Mortgages
Franklin wants to start budgeting his money. what are some types of budgeting plans he can use
50-30-20 Budget Plan, Pay yourself first,Zero Based Budget Plan