Income Tax
An Income tax is a tax on earning wages, salaries, tips, interest, rents, and capital gains and dividends from stock.
What is a Income Tax?
Savings account is to save your money.
what is a savings account?
What is budgeting?
a debit card allows for an immediate electronic transfer of money from a cardholder’s bank saving or checking account and a credit provides a preapproved credit.
what is a credit and a debit card?
Financial institution is A business that provides money-related services
What is a financial institution?
Yes income tax the largest source of revenue for the federal government.
is income tax the largest source of revenue for the federal governmen?
Yes savings account is a safe way to save your money
Is savings account a safe way to save your money?
Impulsive buying is making a purchase based on an immediate want or due to the pressure of advertising
What is impulsive buying?
no they are not free money
do the money on the credit card are free?
yes federal income tax is base on income of individuals or business.
is federal income tax is based on the income of individuals or business?
Yes savings account do offers low interest rate
Do savings account offer low interest rate?
Expenditures is money that is spent on goods, services, and bills
What is expenditures?
yes but doesn’t require the processing time a check does.
do debit cards essentially a paper check?
yes the IRS relies on citizen to be honest and responsible about paying their income taxes.
is the IRS relies on citizen to be honest and responsible?
Yes you can get higher rates of return because there are many ways to invest to earn higher rates of return
Is there a way to get higher rates of return?
A long-term goal is plans that take a year or more to accomplis.
What is long-term goals?
yes the ability to borrow money can be a helpful tool when used responsibly
can you borrow money on a debit card?
yes income taxes are figured on a pay as you earn basis the tax is an estimated amount.
is income taxes are figured on a pay as you earn basis?
Three common type long-term investment types are stocks, mutual funds, and bonds
What are three common Long-term investment?
A short-term goals within three months to a year
What is a short-term goals?
yes because when you have a debit card you are using your own money
do card holder have to have money in the bank to pay for purchase.