Credit Cards 1
This card requires a PIN when used
Debit Card
Most of our taxes in this country are spent on what?
Military and/or Medicare (healthcare)
April 15th
How many school days will be left when we come to school on Monday?
28
If you do not pay back your credit card balance within the Grace Period, you will owe _________
Interest
What is written as a percent when it comes to your credit card?
Annual Percentage Rate (APR)
What tax form shows your annual wages and withholdings from your employer?
W-2
What is the main source of income for the government?
Tax Revenues
What day is graduation?
June 6th
This is the maximum amount of money you can borrow using your card at any given time.
Credit line
Using a credit card for online transactions is considered safer because of __________
What is it called when you don't file your taxes by the due date?
Failure-to-File Penalty
What form is the main tax return form for individuals?
1040
Who is the teacher that Ms. Olson always collaborates content with?
Ms. Mason
Which one of these is a credit bureau that produces credit reports and scores?
- Equifax
- Experian
- Transunion
All of the above
What does a Credit Score mean?
How likely you are to pay your debt back
This type of tax is paid when purchasing goods and services.
Sales Tax
This type of Social Security and Medicare tax is withheld from your paycheck.
Payroll Tax
How many units did we have in Government last semester?
Four
Financial institutions are required to provide this type of box that shows the applicable fees and costs associated with the card.
The Schumer Box
A credit score ranges from _____ to _____
300-850
What is an example of non-taxable income?
- Child support payments
- Gifts/inheritances
- Some scholarships
What is the type of tax system where people pay more in taxes as they make more money?
Progressive Tax System
Why should you try to never use the online e-filing tax systems Turbo Tax and H&R Block?
They use our money to lobby against the government providing free tax filing!