Deffinitions
Something a person wants to achieve is stated in terms that are specific, measurable, realistic, and time-related
What are SMART goals?
Anything you might want to achieve in life
. What can goals be related to?
A Economic and political organization consisting og 28 nations, most of which are in Europe
The EU is?
A detailed examination of a tax return by the IRS
What is a Tax Audit?
Stock that has voting rights and receives dividends when declared by a company
What is Common stock?
An overall structure of values and goals that guides a person's behavior and provides a sense of direction in life
What is a value system?
Measurable through the lifespan of the long-term goal
Good Goals are often what?
A federal program that pays for certain health-care expenses for older citizens and others with disabilities
What is Medicare?
An amount on which taxes are calculated
Taxable income is?
A bank receives, lends, exchanges, and safeguards money.
What does a bank do?
The Amount of money earned on the investment, usually expressed as an anual precentage
What is yield
Income received from employment, including self-employment
What is earned income?
A governmental regulation that requires certain information to be placed on labels for certain products
What is the labeling law?
The amount of debt a consumer has at a given point in time
What is a Debt load?
Laws that govern sales and credit practices involving consumer goods and services
What is consumer protection laws
A method of weighing the cost against the benefits of an action, a purchase, or a financial decision
What is Cost-Benefit Analysis
Any form of money received.
Define Income?
The total amount of money the government owes at a given time.
National Debt is what?
Overall decrease in the price of goods and services
What is Deflation?
Decrease in the value of property as a result of use, age, or wear and tear
What is Depreciation?
A record of your banking and credit cards
What are financial records?
Tax levied on one person or identity, but shifted onto or paid by another
Indirect tax is?
A Numeric system used to classify businesses and collect economic statistics
The North Amercian Industry Classification System is?
Record of checks, ATM transactions, deposits, and charges on an account
What is a bank statement?
A deposit made by a buyer when signing a purchase agreement shows that the offer is serious.
What is earnest money