Taxes, Saving, & Investing Study Guide
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | You must pay yourself before any other bills.
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| show | interest earned on top of last years (& the years before that) interest.
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| Rule of 72 formula | show 🗑
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| show | how long it would take to double your money if it is left in an interest earing account
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| show | How long will you be keeping the money in the account?
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| show | How often will you want to withdraw the money?
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| 3rd question to ask before opening a savings account | show 🗑
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| Basic savings account | show 🗑
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| Higher yield savings account | show 🗑
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| show | earn higher interest rates than savings account, but is very difficult to withdraw (may come with a fee)
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| show | a company issues the bond with the promise of paying the money back to the buyer of the bond with additional money
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| 3 Components of a Bond | show 🗑
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| Face value | show 🗑
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| show | when the issuer of the bond must pay the buyer face value
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| show | the percent of face value that the bond buyer receives each year
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| show | issued by a private company
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| Municipal bonds | show 🗑
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| Treasury bonds | show 🗑
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| Stock vs. bond | show 🗑
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| show | taxes pay for the government, the government then provides citizens with defense, transportation, education, a legal system (etc.)
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| Income tax | show 🗑
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| sales tax | show 🗑
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| Property tax | show 🗑
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| show | flat tax. everyone pays the same percentage of income
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| Regressive tax | show 🗑
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| Progressive tax | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
CarlyStrahm
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