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Stack #4643372
| Question | Answer |
|---|---|
| What you take home after taxes in a paycheck / What remains from gross pay after taxes and other deductions have been taken away | Net Pay |
| What you fill out and give it to the employer -the form employers use to determine how much taxes are taken away from your paycheck | W-4 |
| what your Employer fills out and gives to you- The form the employer gives an employee to them how much money was taken for taxes every year (must have one for every job) | W-2 |
| Credit card interest card interest rate calculated on a yearly basis.credit is the yearly cost to borrow money, expressed as a percentage, that includes interest and sometimes fees. | APR: (annual percentage rate) |
| a bank account that must remain untouched for a fixed period of time. | Certificate of Deposit (CD): |
| protects the holder against liability costs beyond what is covered by other insurance. | Umbrella insurance policy: |
| A formula used to calculate the amount of time it will take for an investment to double in value. | Rule of 72: |
| Who establishes sales tax amounts | state and local rates |
| The original amount of money used to buy a house (house insurance ,escrow payment, property tax will increase with the value of home). | Mortgage principle |
| What can negatively affect your credit score | reaching the spending limit of credit cards, late payments, opening multiple cards at one time. |
| Which of the following receive a lot of criticism because they are known to target people in poverty or other vulnerable populations through charging extremely high interest rates. | Pay Day Lender |
| What do you invest in when you invest in a commodity | you invest in natural resources (gas, coal, etc) |
| Typical amount of time to pay off a mortgage loan | 30 years |