Credit
What 2 types of credit are there?
Credit card, Installment credit
Whats diversity?
not putting everything into one stock
SET AMOUNT PAID BY THE INSURED TO HAVE AN INSURANCE POLICY
What were some of the taxes
placed on the colonies?
Sugar Act (1764)
• Stamp Act (1765)
• Tea Act (1773)
Whats net income
how much you make after taxes
Who are credit cards issued by?
stores, banks, businesses
What traditional IRA
deposits are made pre-tax, which means that no tax is paid on the
money until it is withdrawn from the account
Whats a insurance policy?
CONTRACT STATING THE TERMS AND CONDITIONS OF INSURANCE
Why do we pay taxes?
Roads
• Equipment
• Schools
• Military
• Police
Whats another name for flat tax?
Proportional Tax System
What is installment credit used for?
expensive purchases
What is ROTH IRA ?
• deposits are made post-tax and grow in the account tax-free.
• The tax-free growth makes this type of account more appealing
than a traditional IRA. However, there are income limits so not
everyone qualifies
Whats a policy holder
THE PERSON BUYING INSURANCE
Whats direct taxes
Paid straight to the government
Whats Regressive Tax System?
Portion of
income that goes toward taxes
decreases as you earn more income.
prepaid credit card
What are the 2 stocks?
Common and Preferred
Whats a claim?
A REQUEST FILED BY THE INSURED IN THE EVENT OF A LOSS
Whats indirect taxes?
are collected when a
person pays for a good or service
whats Progressive Tax System
As your
income increases the percentage of
taxes paid to the government also
increases
What is an unsecured credit card?
not backed by a deposit, backed by financial history
Whats IRA mean?
Individual retirement account
4 factors in cost of auto insurance
personal circumstances, discounts, deductibles, levels of coverage
Whats gross income
how much you make total
Whats a common stock
shares entitling their holder to dividends that vary in amount and may even be missed, depending on the fortunes of the company.