Taxes
Which income tax goes towards funding our military?
Federal Taxes
What is the minimum wage?
7.25/Hour
What is the machine we can withdraw money from?
ATM
What do we call a market that has a downward trend?
A bear market
How many hours is a regular work week?
40
What is the tax levied on an imported good?
Tariffs
What is the extra income from the assets called?
Passive Income
What does APR stand for?
Annual Percentage Rate
Name 2 of the 3 biggest stock markets in the US
NYSE, NASDAQ, AMEX
What are our names?
Andrew and Brock
What is the tax you pay when you receive money or property from the estate of a deceased person?
Inheritance tax
Is grocery expense a fixed expense or a variable expense?
Variable expense
What is the factor that affects your credit score most?
Payment History
The stock of financially stable, well-established companies is called?
blue-chip stock
What is a plan to spend wisely to fit your lifestyle choices called?
Spending Plan
What uses the most state tax dollars?
Education
What is an estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals?
Budget
To obtain a loan, what will a lender look at?
Credit Score
What does IPO stand for?
Initial Public Offering
What is the average rate of return on the stock market?
around 10%
What is the total percentage of your income paid to social security and medicare?
7.65%
What is the total amount of money that you make before subtracting expenses and taxes called?
Gross Income
What does FICO stand for?
FICO stands for Fair, Isaac & Company
At an interest rate of 3.6%, How many years it takes for our money to double?
20 years
What schools do your instructors go to?
Notre Dame & UGA