Makin' Money
The amount of money deposited by a saver
What is principle?
an insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.
What is medical insurance?
Costs that do not change from month to month
What are fixed expenses?
The amount of income left after taxes and deductions have been taken out.
What is net pay?
Most states require that you have basic insurance that covers liability while you drive.
What is auto insurance?
the tax put upon the earnings of the people who live or work within their boundaries
What are state taxes?
The process of interest earning interest.
What is compounding?
insurance paid to named beneficiaries when the insured person dies
What is life insurance?
A lease requires the tenant to pay rent for the number of months listed—even if the tenant moves before the lease ends.
What is a lease?
the amount of money your employees receive before any taxes and deductions are taken out.
One type of policy that for most people that is actually mandatory to have is homeowners insurance when you have a mortgage. If you borrow money from the bank to purchase a home they will require the asset to be insured. If you rent instead of own, a renters insurance policy is just as important.
What is Property Insurance?
A federal tax paid for old-age, survivors, and disability insurance
What is Social Security tax/ Medicare (FICA tax)?