Loans
What is a loan?
What is A loan is money you borrow from a bank or lender that you must pay back over time, usually with extra called interest
What is gross pay?
True or False: Should you customize your resumes and cover letters for the job you are applying to
Do all states charge income taxes on a paycheck?
What is no
What is a premium?
What is The monthly price you pay to have insurance, similar to a subscription.
When it comes to auto loans, what is the principal?
What is The actual amount borrowed
What is Net pay?
What should be sent to an employer after an interview is conducted?
What is a thank you note
What Tax document is used to tell your employer how much to withold from your paycheck?
What is a W-4
How do insurance companies assign premium cost?
What is evaluating risk
What is interest rate?
What is the percentage charged by the lender for borrowing money
Which pay amount should you use for budgeting: gross pay or net pay?
What is Net pay
What should an elevator pitch be about?
What is yourself and the skills you possess for that specific job.
Which Tax document is used every year to help file your personal income tax return.
What is a W-2
The purpose of insurance is to?
What is transfer risk
What does amortization mean?
What is Amortization is the process of spreading out a loan (debt) or the cost of an intangible asset over a specific period through regular, periodic payments.
Where is the net pay located on a paystub?
What is the bottom line
How long should an elevator pitch be?
What is 30-45 seconds
What programs do Fica taxes fund?
What is mandatory programs like Social Security and Medicare.
What happens once you have reached your health care deductible?
What is insurance will help cover the cost
What is one way to decrease the amount of principal in your loan?
What is putting down a larger down payment
What are 3 examples of deductions on a paystub?
What is Federal/state income tax, Social Security, Medicare, Health Insurance, 401k Contributions
List 3 things a resume should include
What is Education, Work experience, skills
What does your federal income tax money support?
What is discretionary programs, which are review and approved by congress and the president each year. These include the military, education, infrastructure, and scientific research.
How do insurance companies get money to pay out claims?
What is by collecting a large amount of premiums from all users to to pay for the emergencies of the few who need it.