Wages
People that hire other people
What is an employer?
A plan in dollars for the wise use of money
Budget
Usually equal to one month's rent and is used to pay for any damage you may cause
Security Deposit
The percentage paid before securing a mortgage.
Down Payment
The suggested percentage for repairs annually.
2%
The weekly wages for someone who makes $6 an hour.
$240
If a family spends $280 a month for clothing, how much do they spend for the year?
$3,360
A contract between a landlord and a tenant/
A lease
If the selling price of a property is $97,000 and the down payment is 10%, how much is to be borrowed?
$87,300
The frequency insurance is normally paid on homes.
Annually
The overtime pay for someone who normally makes $10.20 an hour and is paid at time and a half
$15.30
Income after deductions.
Disposable Income
Rent is normally paid in this frequency
MOnthly
A loan from the bank for a home or property
Mortgage
What is the amount budgeted for repairs if the home is valued at $150,000?
$3,000
A predetermined amount paid periodically such as monthly or annually.
Salary
A family has a gross monthly income of $4,167 and budget 15% for tithes. How much do they give?
$625.05
If monthly rent is $680, what is the annual rent?
$8,160
This percentage is added to mortgage loans and has to be repaid monthly.
Interest
As a tenant, you have to make repairs and maintain the home yourself. True or False?
False
The percentage of sales that salesmen make.
Commission
The amount that should be tithed to your church.
10%
Find the total annual rent including security deposit if the mothly rent is $510.
$6,630
A tax assessed by the government on the value of someone's property.
Property Tax
What is the annual premium if the amount is $100,000 and the rate is .53 per hundred units?
$530