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Stuff 2
Stuff 3
Stuff 4
Stuff 5
100
income that you pay taxes on
What is taxable income
100
tax form that most students will fill out
What is 1040 EZ
100
computer program that organizes data in columns and rows
What is spreadsheet
100
process of matching your checkbook register with the bank statement
What is bank reconciliation
100
measure of how quickly you can get your cash without loss of value
What is Liquidity
200
what you do when your deductions are more than the standard deduction
What is itemize
200
all the money that you make
What is gross income
200
how long will it take $5000 to double to $10000 at 7%
What is 10.29 years
200
plastic card that deducts money from a checking account
What is debit card
200
time deposit, is a deposit that earns a fixed interest rate for a specified length of time
What is CD
300
stated amount that can be subtracted from AGI
What is standard deduction
300
the money that you get to spend
What is disposable income
300
written order to a bank to pay the amount stated to the person or business named on it
What is check
300
uses a computer-based system that enables you to move money from one account to another
What is electronic funds transfer (EFT)
300
Ownership in a corporation
What is stock
400
subtracted directly from the tax owed
What is tax credit
400
spending and saving plan based upon expected income and expenses
What is budget
400
A check written for more money than your account contains is called
What is overdraft
400
request that the bank not honor a specific check
What is stop-payment order
400
loaning money to a corporation
What is bond
500
gross income $40,000 adjustment $3000 deductions $5000 2 Exemptions @ $3700 Taxable income=
What is 24,600
500
loan for car 10,000 cash 500 Savings 2000 Property value $40,000 Mortgage $30,000 Net worth=
What is $2500
500
Beginning Bal.$545 Checks $145.23, 135.20 & 33.71 Deposits – $150 & 800 Service fee $6.00 Ending Balance=
What is 1174.86
500
contracts to buy and sell commodities (products that are mined or grown) or stocks for a specified price on a specified date
What is futures
500
low-priced stocks of small companies that have no track record
What is penny stocks