Credit
Define Credit
Credit is one's ability to obtain goods and services before payment, based on the trust that payment will be made in the future.
Name 3 Banks
TD Bank, Bank of America, Wellsfargo, Chase Bank, ect.
In a video store, a DVD that sells for $15 is marked "10% off." What is the sale price of the DVD?
13.50
Name 2 Items that are taken out of your paycheck before you get it.
•Federal Income Tax
•State Income Tax
•Social Security
•Medicare contributions
Do you need to pay to find out your credit score?
No.
Name 2 types of bank accounts.
Checking, Savings, Business.
Free
Free
What date are taxes due?
April 15
What range is considered to be "Good" credit?
670-739
What numbers should NOT be your pin.
Your birthday, address, social security number.
(a2 – 2cb) + b3 if a = 8, b = 3 and c = 5.
(a2 – 2cb) + b3
= (82 - 2 · 5 · 3) + 33
= (64 – 2 · 5 · 3) + 33
= (64 - 30) + 33
= (34) + 33
= 34 + 27
= 61
What is the difference between net income and gross income?
Your gross income is the amount of salary or wages your employer paid you before any tax was taken.
your net income is what you take home after taxes.
How do you build your credit?
Pay entire credit card bill every month, pay bills on time, avoid having too many credit cards, avoid making use of your entire credit line.
What do you need to open a bank account?
Cash for a deposit, and 2 forms of identification.
4[(24 ÷ 3) - (3 + 2)]
4[(24 ÷ 3) - (3 + 2)]
= 4[(8) - (5)]
= 4[3]
= 12
How do you receive a W-2?
You receive it from our employer at the beginning of the new year.
Where can you get your credit report?
Transunion, Experian, and Credit Karma
What is the name of the form you use to put money into the bank?
Deposit Slip.
The price of a sweater was slashed from $ 960 to $ 816 by a shopkeeper in the winter season. Find the rate of discount given by him.
15%
What tax form do you need if you are self-employed?
Form 1040 or 1040-SR