Savings and budgeting
Where do you store your savings?
Brick and mortar banks, online banks, and credit unions
What is the main tax form for income
Form 1040
What are basic retirement funds.
401k and IRA plans
What are important things when considering a career.
Income interest and opportunity cost.
What caused the 2008 housing crisis
an unprecedented growth of the subprime mortgage market.
What are the main ways to invest your savings.
Stocks and bonds
What happens if you don‘t file your taxes on time.
The IRS audits you.
What is the average retirement age
60-65
What are important things when looking unto college
Tuition, loans, scholarships, overall value of educatio.
nearly all economies in the world are what.
Mixed market or command economy
What does a good credit score do
Helps you have lower interest and get better loans
What do you joint filing.
You file your deduction, credits, and exemptions on the same return form as your partner.
What is a key factor in retirement
Good savings
What are the key things to put on a resume
Past experience skills, education, and achievements.
Who decides the means of production in a command economy.
The government
What is a credit score
A valid or measurement that shows someone’s potential to repay debt.
What is the full cost of an item that costs $6.00 with a 6% sales tax?
$6.36
When should you start preparing for retirement
As soon as possible
What are the job requirements for software developer.
Bachelors degree in computer science, problem solving skills, programming Knowledge, and collaboration skills.
Name five currency
Answers may vary.
What makes a good budget.
The 50/30/20 50 on needs 30 on wants 20 on savings.
Where do taxes go
To the government for many uses.
How much money should you put aside for retirement
80% of your pre retirement income. Around 20% of your income per year
What are the requirements for a chef
Culinary arts degree, high school diploma, leadership, multi tasking, passion, management skills, and hard work ethic.
Describe inflation
Increase in prices as the value of money starts to decrease due to factors such as time and financial crashes etc.