Money Concepts
What is the first step in creating a financial plan?
What is assessing your current financial situation?
What financial statement shows a company’s revenue and expenses?
What is an income statement?
What is the deadline for filing personal income tax returns in the U.S.?
What is April 15?
What is a CTA in marketing?
What is a Call-to-Action?
What investment vehicle allows for tax-free withdrawals in retirement?
What is a Roth IRA?
What type of business structure provides limited liability protection while allowing pass-through taxation?
What is a Limited Liability Company (LLC)?
What form do employees receive at the end of the year to report wages?
What is a W-2?
What is the term for unpaid promotion that comes from satisfied customers sharing their experiences?
What is word-of-mouth?
What is the total amount of an employee’s earnings before taxes and deductions?
What is gross pay?
What is the difference between accounts payable and accounts receivable?
What is money owed by the company vs. money owed to the company?
What tax form is used to report non-employee compensation for independent contractors?
What is Form 1099-NEC?
What is the group of people a business aims to reach with its marketing messages and products?
What is the target audience?
What does "fiduciary duty" mean for financial advisors?
What is acting in the best interest of the client?
What financial statement summarizes a company’s revenues, costs, and expenses over a specific period?
What is a Profit and Loss Statement (P&L) or Income Statement?
What tax deduction can homeowners claim on their mortgage?
What is mortgage interest?
What does SEO stand for in digital marketing?
What is Search Engine Optimization?
What is the Rule of 72?
What is a formula to estimate how long an investment takes to double?
What is the purpose of bank reconciliation?
What is ensuring a company’s books match its bank statements?
What are common ways individuals can lower their taxable income?
What are tax deductions, tax credits, contributing to retirement accounts, and making charitable donations?
What type of marketing focuses on promoting products or services through social media platforms?
What is social media marketing?