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Personal Finance Essay

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Below is an essay on "Personal Finance" from Anti Essays, your source for research papers, essays, and term paper examples.

Section 2 Study Questions (9.0 points)

 

Answer each question fully. Complete sentences are not necessary.

 

Lesson 1 (3.0 points)

 

1. What is renting? (0.5 points)

 when you pay to use something that belongs to someone else

2. What is a financial plan? (1.0 points)

 is a way of organizing your finances so you’ll be able to set and meet financial goals, while making sure you have enough money to spend on thing you need

3. What is income? (0.5 points)

 is money that you earn or receive

4. What is a projection? (0.5 points)

 a guess or estimate about what something will be like in the future

5. What is a will? (0.5 points)

 is a legal document that states what you want to have happen to your finances after your death

Lesson 2 (3.0 points)

 

1. What is a tax? (0.5 points)

 is a financial obligation that a person or company is required by law to pay to the government

2. What is the Internal Revenue Service? (0.5 points)

 is the government agency in charge of administering federal taxes

3. What is the capital gains tax? (0.5 points)

 is a tax that applies to investments and other personal property

4. Give at least two examples of types of state taxes. (1.0 points)

 personal income tax, and sales taxes

5. What is a pay stub? (0.5 points)

 A sort of receipt of your paycheck. Normally attached below your check. Proves you were paid, and on what day.




Lesson 3 (3.0 points)

 

1. What is financial responsibility? (0.5 points)

 being responsible with money

2. Give at least two examples of utilities. (1.0 points)

 electricity and water

3. What are features? (0.5 points)

 are the notable qualities or characteristics of a product

4. What are benefits? (0.5 points)

 are the ways a product will improve your life by solving a problem or by making you feel good

5. What is a budget? (0.5 points)

is a financial plan that shows what you plan to do with your money

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Citations

MLA Citation

"Personal Finance". Anti Essays. 11 Dec. 2018

<http://teachingsail.com/free-essays/Personal-Finance-583316.html>

APA Citation

Personal Finance. Anti Essays. Retrieved December 11, 2018, from the World Wide Web: http://teachingsail.com/free-essays/Personal-Finance-583316.html


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