Taxes | Loans | Credit | Investing | Miscellaneous |
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What is the 1099 form
This form reports all income that isn't salary, wages, or tips
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What is FAFSA
This is submitted in order to get federal grants, work-study, or loans from the federal government.
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What is a credit card
A powerful financial tool with diverse advantages, especially for building your credit history.
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What is Robinhood
This investing platform has no fees added when trading, no account minimum, and free cryptocurrency trading.
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What is progressive
The type of federal tax system in the United States in which the rate of taxation increases as income increases.
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What is the W-2 form
The form that everyone who works as a salaried employee should be familiar with. This form is filed by an employer for every employee who had income, social security, or Medicare tax withheld.
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What is an interest rate
This is the percentage of a loan that the borrower is charged by the lender.
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What is a credit score
A number that represents a rating of how likely you are to repay a loan and make the payments on time.
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What is Coinbase
This platform gives you access to almost 100 cryptocurrencies and is insured if a hack occurs. Best for cryptocurrency.
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What is withholding
The portion of your paycheck that your employer sends directly to the government each pay period as partial payment of your income tax.
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What is the W-4 form
The form you file starting employment so that your employer knows how much tax to withhold on your paycheck. Filing this form properly will help you avoid over or underpaying taxes throughout the year.
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What is the school
If not a bank or credit union, nonfederal student loans are made by this lender.
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What is a credit report
A record of a person's financial information, including previous addresses, Social Security number, current and previous employers, estimated income, credit card accounts with amount owed and payment history and loan information.
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What is investing
The process of setting money aside to increase over time for long-term financial goals such as retirement.
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What is 3.5%
FHA loans require this percentage of the purchase price upfront...
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What is a form 1040
The starting point for most taxpayers. It is considered one of the more comprehensive tax forms on which you can itemize deductions, report self-employment income, or report income from the sale of a property.
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What is work-study
This part of a financial aid package is not awarded upfront.
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What is a bank
A for-profit institution that offers personal loans, mortgages, and other services.
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What is 8%
S&P is an investment fund that tracks the 500 largest companies in the U.S. with an average return amount of...
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What is a credit limit
The maximum dollar amount that can be borrowed...
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What is income tax
A tax imposed on individuals or entities with respect to the income or profits earned by them.
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What is a sub-prime lender
This type of lender has disadvantages such as high interest rates, little flexibility, and poor customer service.
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What is a credit union
A not-for-profit cooperative that offers bank services and is owned by its members.
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What is $32.95
Fidelity has a broker-assisted trade fee that is this amount...
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What is fixed costs, savings, things you want, and investing
The 4 different categories for splitting your paycheck to help with budgeting...
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