Tax Systems
What are the three main tax systems used?
What are progressive taxing, regressive taxing, and proportional taxing?
How do you calculate how much you owe in taxes?
What is tax base * tax rate = taxes paid?
Is the relationship between supply and demand proportional or inverse?
What is inverse?
What are the 3 C's?
What are Collateral, Capacity, and Character?
What are the two types of resumes?
What are Chronological and Functional?
What is the system when the tax rate stays the same regardless of the tax base?
What is proportional taxing?
If the tax rate is 20%, how much does someone owe with a tax base of $60,000?
What is $12,000?
What is the word used to describe the skills, qualifications, and education necessary to get a specific job?
What is price?
What are examples of collateral?
What are houses, cars, and jewelry?
What is the idea that says small families have an easier time saving than big families?
What is The Privilege of the Small Family?
What is the system when the tax rate decreases as the tax base increases?
What is regressive taxing?
How is interest earned calculated?
What is multiplying the savings by the savings interest rate?
During the holidays when popular gifted items are in high demand, what typically happens to their supply?
What is the supply decreases?
A high risk level person is more or less likely to be approved of a loan?
What is less likely?
What is the recommended savings rate for an average family?
What is 10%?
What is the system when the tax rate increases as the tax base increases?
What is progressive taxing?
Who owes more in taxes?:
Person A makes $60,000 and has a tax rate of 8%
Person B makes $20,000 and has a tax rate of 12%
Who is Person A ($4,800)?
What are prices determined according to the Law of Supply and Demand?
What is the relationship between supply and demand?
Credit is a consumer’s ability to do what?
What is obtain goods and services without paying based on a level of trust?
Name three long term benefits of saving.
What are Education, Retirement, and Vacations?
What do Sweden, Denmark, and Norway all have in common?
What is a regressive tax system?
If a family has a starting income of $40,000, and their savings rate is 20%, how much do they save after one year?
What is $8,000?
In the job market, what does supply and demand translate into?
What is the # of people who want jobs and the # of jobs available?
If a company producing 1,000 items is at 50% capacity, then they increase to 2,000 items what percent capacity are they at?
What is 100%?
In this type of resume your work experience comes first.
What is a Chronological Resume?