Jeopardy. Basics of Taxes. Depository Institutions. Smart Goals. Identity Theft. Savings Tools. Q $100. Q $100. Q $100. Q $100. Q $100. Q $200. Q $200. Q $200. Q $200. Q $200. Q $300. Q $300. Q $300. Q $300. Q $300. Q $400. Q $400. Q $400. Q $400. Q $400. Q $500. Q $500.
Basics of Taxes
Payment transactions that can be completed with no physical connection between the payment device and the physical point of sales terminal.
What is a Contactless Payment?
The price paid for using someone else’s money.
What is Interest?
For-profit depository institutions that offer numerous financial services.
What is a Commercial Bank?
An account at a depository institution that provides an easy method for transferring money.
What is a Checking Account?
The percentage rate used to calculate interest.
What is an Interest Rate?
What does the “S” stand for in the SMART acronym
What is Specific?
What does the “M” stand for in the SMART acronym
What is Measureable?
What does the “A” stand for in the SMART acronym
What is Attainable?
What does the “R” stand for in the SMART acronym
What is Realistic?
What does the “T” stand for in the SMART acronym
What is time?
Thieves steal information that is carelessly discarded into the trash.
What is Dumpster Diving?
Thieves break into a computer system and steal information.
What is Hacking?
Thieves complete a change of address form and have a victim’s bills and statements mailed to a different location.
What is Diverting Mail?
Software installed on a computer without the owner’s knowledge or consent.
What is Spyware?
Thieves use a form of electronic communication to pretend to be a company of financial institution in order to get the victim to give up their personal information.
What is Phishing?
Funds the social security and Medicare programs.
What is Payroll Tax?
The specific amount paid for this tax depends on many factors but increases as income increases.
What is Income Tax?
A tax earned on unearned income.
What is the Income tax?
A tax that is added to the original price of an item purchased in a retail store.
What is Sales tax?
A tax on airline tickets and gasoline.
What is Excise tax?
A mutual fund that was designed to reduce fees by investing in the stocks and bonds that make up an index.
What is Index Funds?
Have the potential for significant fluctuations in return over a short period of time.
What is Speculative Investments?
Residential or commercial property or land as well as the rights accompanying that land.
What is Real Estate?
A form of lending to a company or the government.
What are Bonds?
A share of ownership in a company.
What are Stocks?
The government agency responsible for collecting federal taxes is the______.
What is Internal Revenue Service?