Stocks
A part ownership in a company.
What is a stock?
What is a property tax?
A tax paid on a property based on its current value.
When is Tax Day in the U.S.?
April 15th
What happens to the price when the supply curve increases?
Decreases
Name 3 alternatives to college.
Tech school, apprenticeship, military, entreprenuer, etc.
The company with the ticker symbol $GME.
What is GameStop?
Are mortgage interest rate typically higher when the economy is doing well, or when the economy is doing poor?
Well
Whats is the sales tax rate in Commack?
8.625%
What is the difference between macroeconomics and microeconomics?
Micro- individuals and businesses, Macro- governments and countries
About what percent of people ages 18-29 in the U.S. are living with their parents?
50%
The total value of a public company on the stock market.
What is a market capitalization?
What documents are needed to apply for a mortgage?
Tax returns, proof of income, bank statements, credit history.
What does a W-2 tax form show?
The amount of taxes withheld from your paycheck.
What does GDP stand for?
Gross Domestic Product
What is considered to be a "good credit score"
The top three largest public companies in the U.S.
What is Apple, Microsoft, and Google?
How can you make money by investing in real estate?
Appreciation, rental income, and businesses that depend on the real estate.
What are the five main tax avenues for the U.S. government?
Income, payroll, excise, property, and sales.
What is inflation?
When the supply of money increases and prices rise.
What are the benefits of owning a credit card?
You can increase your credit score and get approved for lower loan rates.
The report that companies file every quarter to release financial information.
What is 10-Q
What was the median cost of a house on Long Island in 2020?
$515,000
If you win a lottery for $1,000,000 in NY, how much would be taxed?
$338,200
What is the average annual inflation rate of the United States?
About 2%
What is the average student loan debt for Americans over the age of 60?
$33,800