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vocabulary
taxes
checking accounts
in general
misc.
100
Money or income that is not used to purchase goods or services.
What is saving
100
an invoulatary contribution required by law to finance the functions of government
What is tax
100
when you put money in the bank
What is deposit
100
the difference between the total income of a taxpayer and the deductions allowed to that taxpayer
What is taxable income
100
The signature of the payee written exactly as his or her name appears on the front of the check
What is bank endorsement
200
Committing money in the hope that it will make more money over time.
What is investing
200
a tax on the value of property owned by taxpayers
What is property tax
200
when you take money out of the bank
What is withdrawl
200
you should do this after you recieved a bank statement
What is reconcile
200
the number of years it takes for a certain amount to double in value is equal to 72 divided by its annual rate of interest.
What is rule of seventy two
300
A certificate of deposit stating money has been deposited for a specific time
What is CD
300
based on a flat percentage of the selling price of a product or service
What is sales tax
300
this is important when you apply for a loan
What is good credit
300
land and any structures that are permanently attached to it
What is real property
300
The amount of interest based on a principal amount and not on earned interest.
What is simple interest
400
A certificate representing ownership interest in a corporation.
What is stock
400
emlpooyers pay this tax
What is unemployment taxes
400
when you deposit money you need to fill this out
What is deposit slip
400
this is issued to anyone who has miscellaneous income from a buiseness
What is 1099-Misc form
400
An endorsement indicating a new owner of a check
What is special endorsement
500
The degree of uncertainty that an investor can handle in regard to a negative change in the value of his or her portfolio.
What is risk tolerance
500
employees pay this tax.
What is social security
500
you are required to fill this out when you open a checking account
What is signature card
500
this is issued to an employee who is on the payroll of a buiseness
What is W-2 form
500
A card that is user to deduct a purchase amount directly from your checking account instead of drawing on a line of credit; also called "check card."
What is debit card