Taxes
What are the different taxes that will be deducted from your paycheck?
What is Federal tax, State tax, SS tax, and Medicare tax.
What is gross pay?
What is the amount the employee earns before taxes.
What is a Mortgage?
What is a mortgage is an agreement between you and a lender that allows you to borrow money to purchase or refinance a home and gives the lender the right to take your property if you fail to repay the money you've borrowed.
What year was the 1812 war?
What is 1812.
What are dependents?
What is a child or relative that can allow you to get tax deductions.
What is net pay?
What is the amount that the employee takes home.
Can you get a mortgage without a credit score?
What is yes.
When did the great depression start?
What is 1929
What is at least one state that does not have income tax?
What is Alaska, Florida, Nevada, South Dakota, Tennessee, and Texas.
What does PITI stand for?
What is Principal, Interest, Taxes, Insurance.
What is the most common amount of time to payback a mortgage in the U.S.?
What is 30 years.
What year was the great recession in?
What is 2008.
What is a 1099?
What is a form that states income from self employment earnings.
What are the three main ingredients in a contract?
What is offer, Acceptance, and Consideration.
What are the four steps when getting a mortgage?
What is
1.Prepare to shop. 2. Explore loan choices. 3. Compare loan offers. 4. Get ready to close.
What year did mortgages become more prominent in the U.S?
What is the early 1930's.
What is the purpose of a W-2?
What is the amount of taxes withheld from your paycheck for the year.
What is a direction consolidation loan?
What is where you can combine all your loans into one and pay the average interest rate.
What's the difference between being prequalified and preapproved?
What is Pre-qualifying It gives you an idea of how large a loan you'll likely qualify for. Pre-approval is a conditional commitment to actually grant you the mortgage.
What year was the Boston tea party in?
What is 1773.