Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Studying > Personal Finance > Flashcards

Personal Finance Flashcards

1
Q

Internship

A

A student/trainee who works in the field to gain experience

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Standard of Living

A

A measure of quality of life based on the amounts and kinds of goods and services a person can buy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Potential Earning Power

A

The amount of money you may earn over time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Aptitude

A

The natural abilities that people possess

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Interest Inventory

A

Tests that help you identify the activities you enjoy the most

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Networking

A

A way of making contacts to get job information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

The process of accepting a job offer (what to consider)

A

Consider: The company, the job itself, working environment, salary

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Soft skills

A

Traits and abilities that help people interact with others professionally

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

E-Filing

A

A way to submit your taxes to the IRS through an online portal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Variable income

A

Business profits, rents, royalties

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Earned income

A

Salaries and wages, tips, commissions, bonuses

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Unearned income

A

Interest, Dividends, Capital gains

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Deductions (Taxes)

A

Money withheld from a paycheck

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Job Benefits

A

Forms of pay other than salary or wages

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Dependent

A

A qualifying child or relative who relies on you for financial support

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

W-2 form

A

Reports a worker’s taxable income for the year

16
Q

Direct

A

Paid directly to the government (Property)

17
Q

Indirect

A

Charged on goods or services bought (sales tax)

18
Q

1040EZ form

A

A tax return for filers with no dependents or itemized deductions

19
Q

Gross pay

A

Total salary or wages

20
Q

Net pay

A

Gross pay minus deductions

20
Q

Entrepreneur

A

Someone who is self employed and owns a business

21
Q

Full Time vs Part Time

A

Full time = 30 hours per work or more

Studying (11 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions