Credit/ some debit
Zoe buys a Needoh from a store at the mall. Which card would reduce the amount of money in her checking account?
Uses her debit card
Why is diversification important when investing?
To help reduce risk
Why is sending a personalized thank you after a job interview important?
It gives you the opportunity to leave a good impression by expanding on an answer you gave or a topic you discussed
Which tax form is completed during first week of employment
w-4
They are short-term, high-cost loans that can trap borrowers in debt.
Pay day loans
Which debt should you pay off first?
High interest rate or low interest rate?
High interest rate
why is having an emergency fund is important for someone who is also investing?
It provides cash for unexpected costs so you don't have to sell investments at a bad time.
What information is typically included in a resume?
Education, experience, and work skills
Which tax form shows total earnings and taxes withheld
w-2
This word means the total loan payment minus any down payment made.
Principle
3-digit number, typically between 300 and 850, that predicts how likely you are to repay debt on time.
Credit score
what is a way to own part of a company by investing in the stock market?
Purchasing shares of the company's stock
What is gross pay?
Total earnings BEFORE any deductions
What do federal income taxes pay for?
Military, education, infrastructure, etc.
the amount of money an individual or business pays monthly to an insurance company to keep a policy active
Premium
Unsecured credit card or secured credit card?
No deposit needed BUT has high fees
Unsecured Card
What is this?
3-6 months of living expenses in a liquid savings account
Emergency fund
What is an elevator pitch?
30-45 seconds about who you are and what you're looking for
Why do people pay income taxes?
To fund public services like schools, roads, and emergency services
Which part of an auto insurance policy helps pay for repairs to your own car after a collision, regardless of who caused the accident?
Collision
Unsecured credit card or secured credit card?
Requires a refundable deposit
secured credit card
Compound interest is the interest earned on both your initial principal (original deposit) and the accumulated interest from previous periods
What should you do when applying for a job to increase your chances of being hired?
Tailor your resume and cover letter to match the job description
What do FICA taxes pay for?
Social security and medicare
Kevin's renters insurance has a monthly premium of \$15 and a deductible of \$500. If \$2200 worth of his possessions are stolen, how much does Kevin pay out of pocket for this claim and how much does the insurance company pay?
Kevin pays \$500 // insurance pays \$1700