Careers & Insurance
This document will help employers know your educational background, work history, and skills you possess.
What is a resume?
Times got tough and unfortunately, filing for bankruptcy was the only path for Fred. He will have to wait this long until the filing is removed from his credit report.
What is 7-10 years?
This IRS form is used by individuals to file annual tax returns.
What is a 1040?
This organization aims to foster trust and ethical practices between business and consumers.
What is the Better Business Bureau or BBB?
The new job you accepted last week generously offers a retirement plan where they promise to pay a specific benefit to you after you retire, known as this.
What is a pension plan?
Don't forget to include this when applying for a job. It'll give you a chance to explain your interest in working that particular gig!
What is a cover letter?
Cindy has made all of her payments on time and limited new credit applications the past 3 years, resulting in her credit score going in this direction.
What is increasing/up?
What is a W4?
Gas, groceries, and entertainment are all this type of expense, changing in amount from month to month.
What is variable?
As prices increase, the quantity of goods or services will do this, according to the law of supply.
What is increase?
You weren't looking in the school parking lot and accidentally ran into someone's new car. This type of insurance will help you save some money on the repairs to your vehicle.
What is collision insurance?
That pesky installment loan you took out to renovate your home? It's going to cost you the most in interest during this time of the loan's life.
What is the beginning/early on?
Refund! The IRS sends you a check, meaning you did this on your taxes throughout the last year.
What is overpaid?
Cash, stocks, and bonds can quickly be used or converted, meaning they are this type of asset.
What is liquid?
This type of retirement plan is generally sponsored through an employer and they tend to match contributions.
What is a 401k?
Oh no! You got in a car accident and unfortunately the other driver has a broken arm. Good thing this type of insurance you carry will help protect you from their medical costs.
What is liability insurance?
Now or Later: This is when YOU pay for something when you swipe your credit card.
What is later?
You secure that new job in the city and are excited about the $80,000 salary. Don't start spending it all just yet though, as the $80,000 is known as this, the total amount of money earned before taxes and deductions.
What is gross income or gross pay?
By working your current job, you miss out on the chance to work another one. By going to the mall, you miss out on the chance to go to your friends house. All of these decisions come with this type of cost.
What is opportunity?
This bank product will earn interest on a lump-sum deposit that is untouched for a predetermined period of time.
What is a Certificate of Deposit (CD)?
A giant tree limb broke off and fell on your car that was sitting in the driveway, causing $4000 worth of damage. Lucky for you, you only have to pay $500 before insurance will begin paying. The $500 you pay is known as what?
What is a deductible?
Paying off debt over time in equal installments is known as what?
What is amortization?
Child Tax Credit, Standard, Medical Expenses, Charitable Contributions, Home Mortgage Interest... these are all example of things you can subtract from your tax liability to lower your taxable income.
What are tax deductions?
Assets - Liabilities results in this for individuals.
What is net worth?
What is a commission?