Taxes
Which income tax goes towards funding our military?
Federal Taxes
What is the minimum wage?
7.25/Hour
What is the machine we can withdraw money from?
ATM
When should you start investing?
As soon as possible
How many hours is a regular work week?
40
What is the tax levied on an imported good?
Tariffs
What is the extra income from the assets called?
Passive Income
What is the biggest difference between a credit and a debit card
listen to the instructors
At an interest rate of 3.6%, How many years it takes for our money to double?
20 years
What are your instructors' names
Charlie and Andrew
What is the tax you pay when you receive money or property from the estate of a deceased person?
Inheritance tax
Is grocery expense a fixed expense or a variable expense?
Variable expense
What is the factor that affects your credit score most?
Payment History
The stock of financially stable, well-established companies is called?
blue-chip stock
What is a plan to spend wisely to fit your lifestyle choices called?
Spending Plan
Name 3 things that the state income tax pays for
3 things
What is an estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals?
Budget
When do you pay interest on your credit card bill
Only when you don't pay it off by the end of the month
What does IPO stand for?
Initial Public Offering
Who are the FBS national champions in college football in 2019
Louisiana State University
What is the total percentage of your income paid to social security and medicare?
7.65%
What is the total amount of money that you make before subtracting expenses and taxes called?
Gross Income
What does FICO stand for?
FICO stands for Fair, Isaac & Company
What is giving up something you might want today to have more in the future called?
Delayed Gratification
What is the distribution of investments among several companies/assets with the intention of reducing risk?
Diversification