Money
This is a tax deducted from your paycheck to fund programs like Social Security and Medicare.
What is FICA (Federal Insurance Contributions Act) tax?
A progressive tax that increases as the amount of taxable income increases
What is Graduated Income Taxes
A set or group of investments held by an individual.
What is an investment portfolio?
Legal policies that transfer all or some of the financial impact of unexpected events.
What is Insurance?
A card that enablers customers to make purchases and borrow money.
What is a Credit Card?
A savings account with a fixed interest rate and a specified maturity date.
What is a fixed-rate certificate of deposit (CD)?
A range of incomes taxed at given rates
What is a Tax Bracket
When an investor has different types of investments.
What is diversification?
A type of insurance that will cover your bills while you are disabled or cannot work.
What is Disability Insurance?
The amount of available credit you have relative to the amount of debt you have.
The legal right to delay paying debts, often with interest.
What is credit?
An annual tax on personal income
What is Income Tax
An account that an employee uses to save for retirement.
What is a 401K?
This is insurance against the risk of incurring medical expenses among individuals.
What is Health Insurance?
The smallest amount due at the end of the billing cycle; this may negatively impact the amount you pay back to credit card companies.
What is a Minimum Payment on Credit Card?
This type of insurance protects you in case you cause damage to someone else's property or injure them.
What is liability insurance?
A tax or duty to be paid on a particular class of imports or exports
What is Tariffs
An individual account in which you will pay taxes on the money when you withdraw it for retirement.
What is an IRA?
A guarantee that you will pay and repair damages to the other person's car when you cause the accident.
What is Auto Liability coverage?
A number representing the "credit worthiness" of a person.
What is a Credit Report Score?
This economic term describes the value of one country's currency in relation to another.
What is exchange rate?
An individual retirement account, you will pay taxes on the money when you withdraw it for retirements.
What is IRA
An individual retirement account in which you pay taxes as you contribute and not on withdrawals in retirement.
What is a Roth IRA?
A guaranteed policy to repair damages in to your car and the other party's car in the event of a car accident.
What is Auto-Comprehensive Insurance?
A flexible pre-authorized loan that can be used for anything.
What is a Bank Line of Credit?