Data

Copy and paste the text below. It is read-only. Select All

needs food, water, and shelter value a fundamental belief or paroctice aobut what is desirable, worthwhile, and important to an individual major decisiion choices that have long-term effects on a person's life decision making process 1) identify the problem 2) list alternatives 3) decide 4) evaluate the results SMART goal specific, measurable, attainable, realistic, time bound standard of living minimum necessities, comforts, or luxeries thought to be essentioal occupation a wide category of jobs with similar characteristics human capital skills acquired through self-investment transferable skill aquired through various jovs, volunteering, hobbies, school sports, or other life experiences; can be ussed in an individuals jobs or career; enhance an individual's human capital form I-9 an employment form used to avoid hiring undocumented workers or others who are not eligible to work in the U.S gross pay is the total amount of money earned before payroll deductions and net pay is the take home pay after payroll deductions what is the difference between gross pay and net pay? medicare and social security FICA is a tax taht includes two separate taxes. What are they? income money earned track income and expens, helps individuals meet financial goals, and helps individuals live within their income List benefits to creating a spending plan major expenditure catergories houseing, food, transportation, insurance, savings, and other license and registration, insurance, and fuel When determining total transportation cost, what should be considered? comparison shopping characteristics includes careful consideration, evaluates products features and quality, and long-term satisfaction in quality of product opportunity cost something an individual gives up to recieve another savings a portion of income that is not spent to purchase necessary or wanted items money market account characteristics pays a higher interest rate than a savings account, allows a limited number of transactions a month, and withdrawls can be completed with a debit card or by writing a check certificate of deposit (CD) Which savings tool has the potentioal to earn the most interest credit money lent to an individual trusting it will by paid back advantages to using a credit card convernient, eliminates the need of carrying around large amonts of cash, and is useful for emergencies tear up any credit card offers received in the mail ways to protect an inividual's identity tips to using an ATM and debit card safely memorize the pIN and keep it hidden, report lost or stolen cards immediately, and change the PIN if it is suspected someone else knows it commercial bank the most common type of financial institution monthly statement a report that lists each monetary transaction and the current account balance information included on a signature card indibidual's printed and signed name, address, and social security number balance their checkbook register to the balance shown on their statement when a monthly statement is received, what does an individual do to reconcile their account savings tools savings account, money market account, and certificate of deposit