Vocab
The desire to have a good or service and the ability to pay for it?
Demand
Commonly used by state and local government to raise revenue?
Sales Tax
What is a w-4 form?
New employees have to fill out.
What percent of companies are considered small companies/business?
99 percent
How do dealerships secure financing?
With a F and I person they can help you set up your financing and insurance.
A measure of how responsive consumers are to price changes?
Elasticity of Demand
Levied upon luxury goods?
Sin Tax
When do employees have to fill out a w-4 form?
When you begin a new job
What percent has 20 fewer employees?
88 percent
Should I get pre approved for an auto loan before shopping?
Yes, its a good idea to do that.
A product whose demand does not change when the price changes?
In elastic Product
Government mandated transport tax for the travels in the US?
Travel Tax
How does it help employees fill out the w-4?
By having all there information filled out.
What percent have revenues under 100k?
40
What is the deal with 0% Financing?
It’s a deal that you can get from the dealers.
Tells when the price goes down and when quantity demanded increases?
Law and Demand
Placed on the added value of goods from production to point of sale?
Value Added Tax
Your team just wrapped up there w-4 forms, what do you do now?
You celebrate
What percent of small businesses have any other employees other than the person who is running it?
80 percent
What is GAP insurance?
Covers the difference between the total balance and value of the car.
A listing of how much of an item all consumers are willing to purchase at each price?
Market Demand Schedule
The percentage of employees salary that is remitted to the Government?
Payroll Tax
How can you be released from withholding compliance program?
Continue to file tax returns and pay your taxes due.
What are some big businesses?
Starbucks, Macys, Apple, Hershey, and Express
What steps can I take to avoid being pressured by last minute financing changes?
Compare payments, terms and the total cost of financing.