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A way of paying with borrowed money
What is a Credit Card
Private Mortage Insurance
PMI
Taxes imposed on retail sales
What is sales tax
When a buisness adds a percentage of the cost to sell the goods
Cost of running a buisness
What are overhead expenses
A fee for having the credit card
What is an Annual fee
The rate the exchanger will give you for forgien currency
What is Bid rate
Income upon which income tax is actually paid
What is tax income
Many manufactures set suggested prices for their products
What are Trade Discounts
prices are marked down as a part of a sale
what is mark down
Loans that have collateral
What is a Secured Loan
depreciated value declines by the same $ amount each year
What is straight line deprecation
Tax rate is the same for all incomes
What is fixed tax rate
The net cost after discounts for an item
What is the Invoice Price
A statement of value of one currency in terms of another
What is exchange rate
A common term for referring to the proportion of a mortgage payment
what is escrow
The bill that a company manufacture sends for payment
What is Invoice
Listing each expense by the type when deductions are significant
What are Itemized deductions
The gross profit expressed as a percent
What is Gross profit margin
Loans that do not have collateral
What are Unsecured Loans
Total monthly payment
PITI
The merchant pays a fee to the credit card company, maybe a % of the amount
What is Commission
A tax that includes social secutity and medicare
What is FICA
The profit after taking into acount all the expenses doing buisness
What is Net Profit
The amount of feral income tax withheld from a paycheck
What is Payroll Withholding