Credit
What you pay back at a specific rate in addition to the loan amount.
Interest
A financial product purchased by many people facing a similar risk to protect against the risk of larger losses.
Insurance
What is the money you earn before taxes and other deductions are taken out?
Gross Income
Expenses that stay the same each month.
Fixed Expenses
What is Mr. Dunn's daughter's name?
People or businesses from who you've received credit in the past that can vouch for your creditworthiness.
Credit References
A contract between the insurance company and the insured that states the exact terms including what risks are covered and how much will be paid for any losses.
Policy
Name two states with no state income tax.
Texas, Florida, Nevada, South Dakota, Wyoming, Tennessee, Alaska
Expenses that fluctuate (change each month).
Variable Expenses
What is Mr. Dunn's daughter's birthday?
May 11, 2024
3-digit code on the back of the credit card.
A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury.
Claim
A form that helps the employer determine how much to withhold from an employee's paycheck.
W4 Form
The amount of money you plan to use for a certain budget category.
Allowance
5
2/10 N/30 means what?
Pay in full within 10 days to receive a 2% discount or the full amount is due within 30 days.
The money paid to an insurance company to purchase a policy and maintain coverage.
Premium
A tax collected on the sale of particular goods and services, also called a Sin Tax.
Excise Tax
Occurs when actual spending is less than planned spending.
Surplus
What hour of the day was Mr. Dunn's daughter born?
8am
What are the three C's of credit?
Character, Capacity, Capital
The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss.
Deductible
What is the most common example of a regressive tax?
Sales Tax
The difference between the budgeted amount and what you actually spent in a given budget category.
How many inches long was Mr Dunn's daughter at birth?
18