Vocabulary
Depository insitution
Invest in Yourself
The Basic of Taxes
Investing
100
A certificate of debt issued by either a corporation or a government.
what is Bonds
100
Commercial Banks Credit Unions
What is types of depository institution
100
an activity through which an individual can earn money
What is an job
100
A sum of money demanded by a government to support the government itself as well as specific facilities or services
What are Taxes
100
The purchase of assets with the goal of increasing future income
What is investing
200
A deposit account that pays higher interest rate than a savings account.
What is Certificate of Deposit (CD)
200
An account that allows quick access to funds for transaction
What is Checking Account
200
skills, knowledge experiences possessed by an indiviual
What is transferable skill
200
person who pays a tax to national, state, county or municipal (city/town) governments
who are Taxpayers
200
The rise in the general level of prices
What is inflation
300
A type of savings account that pays higher interest rates but requires a minimum balance and restricts the number of withdrawals.
What is Money Market Account
300
A plastic card that is electronically connected to the card holder depository institution accounts
What is debit card
300
a group of establishment that produce similar products or provide similar services
What is industry
300
A tax on earned income that supports the Social Security and Medicare programs (also known as FICA)
What is payroll tax
300
Created when a company combines the funds of many different investors and then invests that money in a diversified portfolio of stocks and bonds
What is mutual funds
400
A fund where people pool together there monies to invest together. Typically professionally managed and management fees are charged.
What is Mutual Fund
400
borrowing money such as loan and credit cards. will pay the money borrowed plus interest
What is credit
400
a lifetime journey of building and applying skills knowledge and experience in paid employment position
What is a career
400
A tax on property, such as land, buildings (including homes), and motor vehicle
What is property tax
400
Have the potential for significant fluctuations in return over a short period of time
What is speculative investments
500
A tax withheld from your pay to fund the Social Security Retirement System. If you are self–employed you contribute the full percentage, if you are employed you contribute half and your employer the other half.
What is Social Security Tax
500
transaction completed with no physical connection between the payment device and point of sales device or store clerk
What is contactless payment
500
people skills or soft skills that allow you to positively relate to, communicate with, influence, and inspire other.
What is inteepersonal
500
Taxes collected from the seller or retailer and as such often remain hidden in the price of a product or service
What is excise tax
500
An index is a group of similar stocks and bonds Offer high diversification with low fees
What is index funds charateristics
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