Income
What is the total amount of pay a person receives in their paycheck before any deductions or taxes are taken out?
What is Progressive tax?
It is the average tax burden increases with income
What is the Credit union?
It is a type of financial cooperative that provides traditional banking services.
What is a full Coverage Car insurance?
It is a loan for real estate.
What is mortgage?
What is net income?
It is a measure of how much money a person, or a business, makes after accounting for all costs.
What applies the same tax rate to every taxpayer regardless of income bracket?
Flat Tax
What is a mutual fund?
It is a contract between an insurer and a policy owner.
What is life insurance?
It is the money that is taken out of paychecks to pay older Americans their social security retirement and Medicare benefits.
What is the Federal Insurance Contribution Act?
What is the average tax burden decreases with income?
Regressive tax
What is the loan that requires an asset as collateral, which is taken by individuals needing cash fast or those in financial difficulties.
What is a liability Car insurance?
It is the part of a care insurance policy that provides financial protection for a driver who harms someone else or their property while operating a vehicle.
What is a credit card?
It is a think rectangular piece of plastic or metal issued by a bank or financial services company, that allows cardholders to borrow funds with which to pay for goods and services with merchants that accept cards for payment.
What is a portion of an individual's income over which the recipient has complete discretion?
Disposable income
What is proportional Tax?
It is an tax system that levies the same percentage tax to everyone regardless of income.
The Central bank.
What is a Federal Reserve?
What is a Certificate of Deposits?
It is a savings account that holds a fixed amount of money for a fixed period.
It is a fixed income instrument that represents a loan made by an investor to a borrower.
What is bonds?
What is Medicare/Medicaid
It is a joint federal and state program that provides healthcare coverage to people with low income.
It is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term.
What is an Amortization Table?
It is an organization that makes loans to individuals and businesses
What is an Finance Company?
What is the Rate of return?
It is the net gain or loss of an investment over a specificized time