Getting a Job
A method for effectively answering interview questions
STAR
A fixed dollar amount that you agree to pay each time you receive medical treatment, such as a doctor's visit or prescription
Copay
Taxes paid by employees to federal and state government through a direct deduction from their paycheck
Income tax
A card that allows the holder to make purchases without cash by borrowing money
Credit Card
The process of setting money aside to increase wealth over time for long-term financial goals such as retirement
Investing
The extras an employer provides employees in addition to pay, such as health insurance or paid time off
Benefits
Insurance paid to named beneficiaries when the insured person dies
Life insurance
A federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals
Social Security
A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card
Interest
A security in which the investor loans money to a company or government, which then pays regular interest and returns the principal on its maturity date
Bond
The purpose of this is to save for retirement
401(k)
The amount of money you agree to pay towards your losses before your insurance coverage will begin paying
Deductible
A range of income amounts that are taxed at a particular rate
Tax Bracket
A fee charged to your account when it lacks the funds to cover a withdrawal, but the bank allows the transaction to go through anyway
Overdraft fee
A share of the value of a company, which can be bought, sold, or traded as an investment and which gives the investor small partial ownership of the company
Stock
The process of meeting new business contacts and building professional relationships to further your career
Networking
The specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time
Premium
A form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck
W-2
Reinvesting earned interest back into the principal to allow money to grow exponentially over time
Compound Interest
Money from the profits of a company that is paid out to its shareholders, typically on a quarterly basis
Dividend
Personality traits and interpersonal skills that are needed to communicate and work with others
Soft skills
Auto insurance that protects you against costs to repair or replace your vehicle after events out of your control such as weather, vandalism, theft, etc.
Comprehensive Coverage
The standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returns
1040
The government agency that insures customer deposits if a bank fails up to $250,000 per individual depositor
Federal Deposit Insurance Corporation (FDIC)
A collection of stocks and/or bonds combined into one fund which will be traded as a unit, typically chosen and actively managed by an "expert" in exchange for a fee from each investor