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Inflation
Taxes
Income and Benefits
Banking
100
Risk.
What is the chance of injury, damage, or economic loss.
100
The definition of inflation.
What is the increase in the general level of prices for goods and services?
100
Something that will make out lives better but the private sector cannot and will not provide.
What is a public good?
100
A set fee or percentage of a sale paid to an employee instead of or in addition to salary or wages.
What is a commission?
100
Adding money to a bank account.
What is a deposit?
200
Money and benefits received from local, state, or federal governments.
What are transfer payments?
200
The reason consumers are concerned with inflation.
What is inflation decreases purchasing power.
200
The document used to report exemptions.
What is a W-4?
200
A stock option plan.
What is a plan that allows an employee to buy a company stock at a reduced price?
200
A non-profit financial institution owned by its members.
What is a credit union?
300
A tax paid by people who use certain goods or services provided by the government.
What are use taxes?
300
Rising prices with the rate of increase slowing down.
What is disinflation?
300
A tax charged on a good or services that is collected and then sent to the government.
What is an indirect tax.
300
An individual who earns overtime.
What is an individual who earns a hourly wage.
300
An annuity.
What is a fixed amount set aside on a regular basis over time?
400
The effect taxes have on disposable income.
What is a negative effect.
400
The reversal of deflation.
What is reflation?
400
The three standard deductions.
What is Social Security tax, Medicare tax, and income tax.
400
The reason employees should be concerned with earning benefits.
What is benefits increase disposable income?
400
A check issued against the bank's funds.
What is a cashier's check?
500
The difference between planned and actual amounts.
What are variances?
500
The type of inflation that is caused by an increase in the cost of making a product.
What is cost-push inflation.
500
The two pieces of information that a W-2 reports.
What are the amount of money withheld by your employer and your taxable income.
500
The reason an employer would offer a profit-sharing plan.
What is to encourage their employee's to work harder to increase the company's profits.
500
A savings account that pays the market rate of interest.
What is a money market account?