Insurance
Bodily Injury liability and Property Damage liability
What is the two liabilities that Car insurance covers?
Credit cards pays for services and goods fast and you can pay later
What is a credit card?
A stock is a share in ownership of a company
What is a stock?
Deceptive and illegal business practices
What is fraud?
This tax is a percentage of a person's income and is collected by the government.
What is income tax?
Insurance is meant to protect you and property from the risk of loss
What is Insurance
A credit limit, a very high APR, and substantial fees for missed or late payments
What are disadvantages if having a credit card?
A person who trades stocks for clients
What is a stockbroker?
This investment option allows an individual to lend money to a company or government and earn interest on the loan
What is a bond?
This is the percentage of an individual's income that must be paid to the government as a tax.
What is tax rate?
Covers medical care for on-the-job accidents, pays benefits to families of those killed at work, benefits for temporary and permanent disabilities.
What is the benefits of Workers' Compensation?
Employers, Insurance agencies, Government agencies, and Landlords
Who looks are your credit?
This financial metric measures a company's ability to generate profits from its available assets.
Your risk tolerance, Interest rate, Domestic and international economic conditions, Taxes and inflation, Length of time, and Access to funds
What are factors to consider when investing?
This tax is paid by employers and employees and is used to fund the Social Security and Medicare programs.
What is payroll tax?
Life Insurance provides financial support to family members at the time of your death.
What is the purpose of Life Insurance?
Payment history, amounts owed, length of credit history, new credit, and this types of credit used
What are categories are credit scores based on?
The two stocks in the market are common stock and preferred stock.
What are the two stocks in the market?
This type of investment fund is designed to track the performance of a specific stock market index.
What is an index fund?
As your income increases the percentage of taxes paid to the government also increases.
What is progressive tax system?
Exclusions, amount of coverage, co-insurance, and co-payments
What is factors that have an impact on the cost of individual health cares?
Secured credit cards have a limit, while as unsecured credit cards is based on based off credit history and financial strength
What is the difference between secured and unsecured credit cards?
Traditional IRA means deposits are pre-paid. ROTH means deposits are made post-tax and grow in the account tax-free.
What's the difference between Traditional IRA and ROTH?
This financial term refers to the percentage of a company's profits that are paid out to shareholders as dividends.
What is a dividend yield?
Portion of income that goes toward taxes decreases as you earn more income.