Taxes
A tax imposed on the value of a person's property at the time of death.
What is Estate Tax?
A summary of a person's education, training, experience, and other qualifications.
What is a Resume?
Amounts owed to others.
What is Liabilities?
The percentage of increase in the value of savings as a result of interest earned; also called yield.
What is Rate of Return?
The use of knowledge and skills for earning, saving, spending, and investing money to achieve personal, family, and community goals.
What is Financial Literacy?
Money received for personal effort, such as wages, salary, commission, fees, tips, or bonuses.
What is Earned Income?
A commitment to a profession requiring continued training with a path for professional growth.
What is a Career?
The difference between total assets and total liabilities.
What is Net worth?
A financial institution that offers a full range of financial services to individuals, businesses, and government agencies.
What is a Commercial Bank?
An organized report that summarizes your current financial situation, analyzes your financial needs, and recommends future financial activities.
An amount subtracted directly from the amount of taxes owed.
What is Tax Credit?
The formal meeting to discuss a job candidate's qualifications.
What is an Interview?
A financial statement that reports what an individual or a family owns and owes; also called a net worth statement of financial position.
What is a Balance Sheet?
A card that electronically subtracts the amount of a purchase from a customer's bank account at the moment the purchase is made.
What is a Debit Card?
A rise in the general level of prices.
What is inflation?
Income resulting from business activities in which you do not actively participate.
What is Passive Income?
A company visit or meeting at which one gathers information about a career or an organization.
What is an Informational Interview?
The amount by which actual spending exceeds planned spending.
What is Deficit?
A user-owned, nonprofit, cooperative financial institution that is organized for the benefit of its members.
What is a Credit Union?
Increases in an amount of money as a result of interest earned.
What is Time Value of Money?
Expenses that can be deducted from adjusted gross income, such as medical expenses, real estate property taxes, home mortgage interest, charitable contributions, casualty losses, and certain work related expenses.
What is Itemized Deductions?
The process of making and using contacts to obtain and update career information.
What is Networking?
Earnings after deductions for taxes and other items; also called disposable income or net pay.
What is Take Home Pay?
A savings plan requiring that a certain amount be left on deposit for a stated time period to earn a specified interest rate.
What is a Certificate of Deposit?
The current value for a future amount based on a certain interest rate and a certain time period; also referred to as discounting.
What is Present Value?