Values,wants
What is something that is not necessary for life?
Wants
What is income tax?
A tax based on how much money you make
What is gross pay?
Amount of money you make before taxes.
What is a student loan?
Money that you borrow to go to college
What is the patriotism strategy
A play to a sense of patriotism
Needs
What is a tax on what you own called?
Property tax
What is net pay?
Amount of money you make after taxes.
What is an Interest Fee?
Fee that a lender charges a borrower for the service of using their money.
What is the transfer strategy?
Shows product working in action.
Is a house a need or want?
A need
A part of income on which no tax is imposed.
What is a pension?
Continue receiving paychecks from taxes after retirement.
What is a grant?
A loan that does not have to be paid back
What is the snob appeal strategy?
Is a nice car a need or want
What is a proportional tax?
Everyone pays the percentage of their income in taxes.
How long should you keep paystubs?
7 years
What does FAFSA stand for?
Free Application For Federal Student Aid
What is the bribery strategy?
Getting something free
A new TV would be in this catagory
A want
How much is a standard deduction?
$12,500
What does FICA stand for?
Federal Insurance Contribution Act
What is principal?
Amount you borrowed minus interest
What is the plain people strategy?
Regular folks like you use it.