Choosy Credit

Tacky Taxes

Take the Money and Run

Money Rolling Away

This is a table that displays the amount remaining after each payment.

What is an amortization table?

This tax is collected by the IRS from your paycheck each pay period.

What is Federal Tax?

This is your gross pay if you work 20 hours at 8 dollars per hour.

What is 160 dollars?

This is what pays for damage to other people's property

What is Property Damage Liability?

This interest rate is calculated by dividing the annual interest rate by 12.

What is a monthly rate?

This tax is used to help retired people have money to live.

What is Social Security?

Since an estimate of 75% of your gross pay will be your take-home pay, this value is the estimated take home pay for working 40 hours at $12.50 per hour.

What is $375?

This is the maximum amount an insurance company pays out to an individual for medical costs when the insurance policy has 100/300/50 Liability coverage .

What is 100,000 dollars?

This is the monthly payment on a $2000 loan borrowed at 5.5% over 3 years.

What is $60.39?

The amount of tax you pay depends on this level of gross pay.

What is a tax bracket?

I take home 650 dollars on a gross of 800 dollars. This number is my tax rate.

What is 18.75%?

This kind of insurance is what you need to carry if you have an accident while you are not carrying any automobile coverage.

What is SR-22?

This is the number of 93.21 dollar payments required to pay back 5,000 dollars borrowed at 4.5% APR.

What is 60 payments?

This is the tax rate on a 500 dollar purchase when 20 dollars is paid in sales tax.

What is 4%?

This value is my take home pay if I have to pay 50 dollars + 21% tax on anything in excess of 1349 dollars and my gross pay is 1,400 dollars.

What is 1339.29 dollars?

This is the amount someone needs to pay to have a stone chip repaired if they have a 500 dollar deductible on a policy with comprehensive insurance coverage.

What is 500 dollars?

This is the APR on a loan that has a monthly rate of 1.25 percent

What is 15%

This is the tax rate when you pay 7 cents on the dollar.

What is 7%?

This retirement fund can help to reduce what you pay out in taxes each pay period.

What is an IRA or 401K?

This is the amount you have to pay to repair 2,000 dollars in repairs to your car when you have an insurance policy with 25/50/10 Liability coverage.

What is all of the 2000 dollars.

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