FM - HHS

A tax document used by taxpayers to file simple income tax returns.

A simplified form used by the IRS for income taxpayers that do not require the complexity of the full 1040 tax form.

1. A feature of a qualified profit-sharing plan that allows employees to contribute a portion of their wages to individual accounts.

What does APR stand for?

1. A home loan with an interest rate that fluctuates periodically.

What does ATM stand for?

A legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.

A type of security under which the issuer owes the holder a debt, and is obliged – depending on the terms – to provide cash flow to the creditor.

A certificate issued by a bank

to a person depositing money for a specified length

of time.

A sum of $12,000 is lent out at 5% per annum simple interest for 5 years. What will be the interest amount after 5 years?