TAXES
These are 6.2% and 1.45% and are deducted from your GROSS pay for EVERY DOLLAR that you earn.
What are Social Security and Medicare taxes.
What is the formula for NET WORTH
WHAT you OWN - OWE = Net Worth
DOUBLE YOUR FORTUNE or a
LOSS will COST YOU up to $1000
A credit score under 660 is considered this.
What is SUBPRIME ?
If you want to AVOID paying this type of insurance be sure to put down 20%
The amount of amateur stock investors that can beat the S&P 500 ?
What is less than 7 % ?
Your paycheck AFTER the taxes and deductions
What is NET PAY ?
TRUE or FALSE : All workers are automatically enrolled in a retirement plan by the company where they work
What is FALSE ?
What is the HIGHEST FICO credit score ?
What is 850 ?
Of the three types of property taxes, this one is the most expensive.
What is SCHOOL TAX ?
Form that your employer sends you by January 31st so you can file your federal taxes
W-2
A stock that pays dividends has FOUR DIVIDEND DATES - list them in ORDER.
What is DERP -
Declaration Date, Ex-Dividend Date, Record Date and Payment Date.
The three agencies that track CREDIT REPORTS
Who are Experian, Equifax and TransUnion ?
If you own a house with $500,000 market value and you owe $200,000 you have $300,000 of this.
What is HOME EQUITY ?
A four letter word that is the BEST explanation for a NEGATIVE NET WORTH
What is the SIMPLE MONTHLY interest amount
on a $12,000 balance at 4% ?
What is $40 ?
What is TERM LIFE insurance ?
How long does a DEROGATORY statement show on a credit report
What is from 7 to 10 years ?
A standard mortgage repayment term
What is 30 years ?
Approximately the amount of money you need to invest MONTHLY to become a millionaire over 35 years investing in the stock market at 8% returns
What is $500 a month ?
Which tax status has the largest
STANDARD DEDUCTION for federal taxes ?
What is MARRIED FILING JOINTLY?
The purpose of insurance (in two words)
What is TRANSFER RISK ?
What is the website where you can get a FREE CREDIT REPORT every year from each of the three credit bureaus ?
**** DOUBLE YOUR SCORE *****
The four parts of a house payment
What are principal, interest, taxes and insurance ?
A stock market that is trending to lose money
What is a BEAR market ?