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PAYCHECKS & TAXES
BANKING
CREDIT
HOUSING
INVESTMENTS
100
Tax return used by people who earn less than $50,000 and have no dependents is the _________________ form.
What is 1040EZ
100
TRUE or FALSE: If you pay back a loan from a bank on time, you will NOT have to pay interest.
What is False?
100
TRUE or FALSE: All credit cards have the same APR.
What is False?
100
Lessee is another name for this (the person who rents the apartment)
What is tenant?
100
When you buy these, you are buying a share of ownership in a company.
What are stocks?
200
Wages, salary, interest, dividends, tips, etc
What is income?
200
TRUE or FALSE: The check register is the bank's record of all the checks a person writes.
What is False?
200
The 3 C's of Credit
What is Capital, Capacity and Character?
200
Money you must pay before moving into an apartment to cover any damages that may occur.
What is security deposit (or damage deposit)?
200
A business owned by many people.
What is a corporation?
300
Your pay before taxes & other deductions are taken out is known as this.
What is Gross Pay?
300
If you take your money out of a CD before it matures, the financial institute will charge you this.
What is an Early Withdraw Fee?
300
A secured loan requires this.
What is collateral?
300
Difference between the value of a home and the amount owed on the mortgage.
What is equity?
300
Your willingness to take a chance.
What is risk?
400
Tax taken out of your paycheck for use in the Social Security System is called Social Security Tax or this.
What is FICA?
400
TRUE OR FALSE: Safe-deposit boxes are free services offered by banks to their customers.
What is False?
400
A finance charge for a credit card is included on a credit card statement when _________________________.
What is you don't pay your debt off?
400
Used to make a record of any damages existing in the apartment before a person moves in.
What is a condition report?
400
When you buy stock, you buy one of two main classes.
What are common and preferred?
500
When the IRS inspects or checks over your past tax returns.
What is an Audit?
500
A financial institution owned by investors and stockholders, that offer a variety of financial services, and are in the business of making money.
What is a bank?
500
An unsecured loan requires you to sign one of these.
What is a Promissory Note?
500
Written evidence of the ownership of a piece of property.
What is deed?
500
The letters IRA stand for.
What is Individual Retirement Account