Random
What kitchen object does Rapunzel use as a weapon in Tangled?
A frying pan
What does FDIC insurance protect against?
Bank failures
True or False: Commission is a form of unearned income
False
What is the primary source of income for governments?
Taxes
True or false: gross pay = take home pay
False
Which athlete has the most medals in Olympic history?
Michael Phelps
What type of account typically offers the most immediate access to funds?
A checking account
What type of income would a person recieve from renting out an apartment?
Passive income
What type of tax is applied to the income generated by an individual or business?
Income tax
What is the deadline for employers to deliver Form W-2 to employees?
January 31st
How many bones are in the human body?
206
What is the primary purpose of a bank statement?
To outline all account transactions in a given month
What are the two types of income
Earned and unearned income
What is sales tax.
Tax on things you buy
Give an example of a voluntary deduction.
Which animal can be seen on the Porsche logo?
A horse
Define Interest
The cost (or income) of borrowing (from loaning) money
Define income.
Money an individual or business earns or receives as the result of economic activity.
Give 2 examples of something taxes would fund.
Education, medical services, roads, buildings
Taxable income is ______
The portion of income that is subject to income tax.
What is the most commonly spoken language in Brazil?
Portuguese
What does NSF stand for in banking terms?
Non-sufficient funds
What is a bonus in the context of employee compensation?
A lump sum payment to an employee based on achieving certain performance-oriented goals.
Describe what a progressive tax system is.
A tax system where tax rates increase as income increases
Which document summarizes income from wages, salaries, and tips?
W2