Stock Market
Units that stocks are divided into
shares
a plan for saving and spending money
budget
form for doing taxes that everyone uses - which one?
1099
1040
W-2
1040
what you pay extra when you borrow money
interest
When you sell a stock and made money on it, what kind of gain is it?
capital gain
One way a company's profits are shared with its stockholders. They are usually paid quarterly or 4 times a year
dividends
expenses that are the same every month
fixed expenses
type of tax everyone who works pays every year.
income tax
a loan to buy a house is called this
when someone writes you a check, what do you have to do so the bank will accept it?
endorse it (sign your name on the back)
commission
expenses that are different every month
flexible or variable
form that shows how much money you made for the year
W-2
a CD stands for this
Certificate of Deposit
When the stock market is NOT doing well it is called a "bear market." What is it called when the stock market is doing well?
Bull market
collection of 500 stocks that is a measure of how well the overall stock market is doing on a daily basis
S&P 500
True or False: A loan payment should never be less than 55% of the amount of money you make every month
false
When you buy something in a store like potato chips, you have to pay sales tax on it. What is the sales tax rate (%) in Pennsylvania?
6%
score that is checked by banks when borrowing money
credit score
What do credit card companies call people who pay off their entire credit card bill every month?
What is a deadbeat?
A collection of stocks and bonds grouped together that has a set price per share.
True or false: Every good budget should have money set aside to save.
True
A new computer costs $500 and was bought in Pennsylvania. After adding the 6% sales tax, what is the total cost of the new computer?
What is $530?
Most banks are paying more than 6% on savings accounts today (true or false)
false
Which loan will you pay the most interest:
5 year loan at 7% interest
10 year loan at 7% interest
What is 10 year loan at 7% interest?