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WorksheetsAQR Sem 1 Final
Total questions: 65
Worksheet time: 33mins
Opportunity Cost
the tax rate decreases as the tax base increases
the value of the next-best alternative when a decision is made
Safeguard your personal information
a plan for managing income, spending, and saving during a given period
Stocks
the inventory of dollars at a given time
dollars coming in, usually from working
things that you own such as a house, stocks, bonds, jewelry, cars, money in a savings account, or cash
Monitor your statements and reports
Net Worth
provides benefits for retired workers and their dependents as well as for the disabled and their dependents. Also known as the Federal Insurance Contributions Act (FICA) tax.
Monitor your statements and reports
the value of a person’s assets minus the value of his or her liabilities
the tax rate stays the same for all tax base amounts
Assets
Safeguard your personal information
protection from possible financial loss
things that you own such as a house, stocks, bonds, jewelry, cars, money in a savings account, or cash
all income received (gross income) minus taxes
Liabilities
the tax rate increases as the base increases
things you owe, such as unpaid bills, a mortgage, a car loan, or unpaid taxes
investing in various financial instruments to reduce risk
the knowledge and skills that people obtain through education, experience, and training
Cash Flow
a form of stealing that results in someone gaining access to another person’s personal information
the price of using someone else’s money
your income (dollars coming in, usually from working) minus your expenses (dollars going out, usually to buy goods and services)
an increase in the market value of an asset
Income
a specified amount of money that the insured must pay before an insurance company will pay a claim
using some or all of your income to buy things you want now
dollars coming in, usually from working
the knowledge and skills that people obtain through education, experience, and training
Expenses
the income a person receives from certain bank accounts or from lending money to someone else.
dollars going out, usually to buy goods and services
investing in various financial instruments to reduce risk
an increase in the market value of an asset
Appreciation
dollars coming in, usually from working
an increase in the market value of an asset
compensation received by an employee for services performed. A salary is a fixed sum paid for a specific period of time worked, such as weekly or monthly.
investing in various financial instruments to reduce risk
Depreciation
payments made by the government to people who do not supply goods or services or labor in exchange for those payments
your income (dollars coming in, usually from working) minus your expenses (dollars going out, usually to buy goods and services)
a ratio that describes how much larger or smaller an object becomes from its original size
a decrease in the market value of an asset
Return
include Social Security and Medicare taxes
the return on an asset over a given period divided by the market value (the price it can be sold for in a market) of the asset at the beginning of that period
individuals willing to take risks to develop new products and start new business
the income the asset generates, if any, during a given period (such as a year) plus any appreciation or depreciation in the market value of the asset during that period
Rate of Return
investing in various financial instruments to reduce risk
assets the individual owns that could be sold to repay the loan
the return on an asset over a given period divided by the market value (the price it can be sold for in a market) of the asset at the beginning of that period
a general, sustained upward movement of prices for goods and services in an economy
Inflation
money and goods received for services performed by food servers, baggage handlers, hairdressers, and others. Tips go beyond the stated amount of the bill and are given voluntarily
individuals willing to take risks to develop new products and start new business
the price producers pay to use human resources
a general, sustained upward movement of prices for goods and services in an economy
Real Rate of Return
the granting or money (or something else of value) in exchange for a promise of future repayment
the rate of return on the investment minus the inflation rate
a payment made by a beneficiary (especially for health services) in addition to that made by an insurer
assets the individual owns that could be sold to repay the loan
Expected Rate of Return
a person, other than the taxpayer or spouse, who entitles the taxpayer to claim a dependency exemption.
the amount you anticipate receiving on an investment based on the probable rates of return (often based on how the asset performed in the past)
compensation received by an employee for services performed. A salary is a fixed sum paid for a specific period of time worked, such as weekly or monthly
a decrease in the market value of an asset
Wages
the amount people earn before any deductions or taxes are paid
the price producers pay to use human resources
a decrease in the market value of an asset
a plan for managing income, spending, and saving during a given period
Human Capital
an increase in the market value of an asset
individuals willing to take risks to develop new products and start new business
a collection of personal principles and preferences that guide people’s behavior
the knowledge and skills that people obtain through education, experience, and training
Productivity
your income (dollars coming in, usually from working) minus your expenses (dollars going out, usually to buy goods and services)
the knowledge and skills that people obtain through education, experience, and training
using some or all of your income to buy things you want now
the amount of output that can be produced by those workers in a given amount of time
Entrepreneurs
individuals willing to take risks to develop new products and start new business
the tax rate decreases as the tax base increases
using some or all of your income to buy things you want now
the tax rate increases as the base increases
Transfer Payments
a payment made by a beneficiary (especially for health services) in addition to that made by an insurer
the value of the next-best alternative when a decision is made
payments made by the government to people who do not supply goods or services or labor in exchange for those payments
the price producers pay to use human resources
Income Distribution
the way income is distributed among individuals in a society
the tax rate decreases as the tax base increases
the chance of loss
Implement your defense
Progressive Tax
the return on an asset over a given period divided by the market value (the price it can be sold for in a market) of the asset at the beginning of that period
Monitor your statements and reports
the knowledge and skills that people obtain through education, experience, and training
the tax rate increases as the base increases
Proportional (Flat) Tax
all income received (gross income) minus taxes
Safeguard your personal information
the tax rate stays the same for all tax base amounts
a general, sustained upward movement of prices for goods and services in an economy
Regressive Tax
the tax rate decreases as the tax base increases
interest income that is not subject to income tax. Is earned from bonds issued by states, cities, or counties and the District of Columbia.
the knowledge and skills that people obtain through education, experience, and training
used to provide medical benefits for certain individuals when they reach age 65. Workers, retired workers, and the spouses of workers and retired workers are eligible to receive Medicare benefits upon reaching age 65.
Gross Income
the amount people earn before any deductions or taxes are paid
not spending on current consumption
the individual’s reliability to repay the loan
interest income that is subject to income tax. All interest income is taxable unless specifically excluded.
Net (Disposable) Income
the amount of output that can be produced by those workers in a given amount of time
The payment for insurance
using some or all of your income to buy things you want now
all income received (gross income) minus taxes
Spending
using some or all of your income to buy things you want now
giving up some of one thing to gain some of something else
a ratio that describes how much larger or smaller an object becomes from its original size
a specified amount of money that the insured must pay before an insurance company will pay a claim
Saving
not spending on current consumption
compensation received by an employee for services performed. Paid based on a percentage of sales made or a fixed amount per sale
the amount of output that can be produced by those workers in a given amount of time
the value of a person’s assets minus the value of his or her liabilities
Budget
the income the asset generates, if any, during a given period (such as a year) plus any appreciation or depreciation in the market value of the asset during that period
the way income is distributed among individuals in a society
the value of a person’s assets minus the value of his or her liabilities
a plan for managing income, spending, and saving during a given period
Trade-Off
include Social Security and Medicare taxes
giving up some of one thing to gain some of something else
interest income that is not subject to income tax. Is earned from bonds issued by states, cities, or counties and the District of Columbia
a payment made by a beneficiary (especially for health services) in addition to that made by an insurer
Interest
the chance of loss
compensation received by an employee for services performed. Given in addition to an employee's usual compensation
the price of using someone else’s money
a decrease in the market value of an asset
Marginal Satisfaction
the tax rate decreases as the tax base increases
the extra satisfaction from consuming 1 more unit of some good or service
The payment for insurance
the tax rate stays the same for all tax base amounts
Diminishing Return
each additional unit of a good adds less satisfaction than the one before it
the quality that makes an asset easily converted into cash with little loss of value in the conversion process—that is, how easy is it to liquidate the investment
money and goods received for services performed by food servers, baggage handlers, hairdressers, and others. Tips go beyond the stated amount of the bill and are given voluntarily
the amount you anticipate receiving on an investment based on the probable rates of return (often based on how the asset performed in the past)
the percentage of your income that you save
Saving Rate
Diminishing Return
Stocks
Phishing
a ratio that describes how much larger or smaller an object becomes from its original size
Credit Score
Social Security Tax
Real Rate of Return
Scale Factor
the chance of loss
Premium
Risk
Transfer Payments
Proportional (Flat) Tax
someone who would rather avoid or lower the risk of loss
Return
Identity Theft
Risk Averse
Appreciation
investing in various financial instruments to reduce risk
Costs
Capacity
Diversification
Net (Disposable) Income
the quality that makes an asset easily converted into cash with little loss of value in the conversion process—that is, how easy is it to liquidate the investment
Liabilities
Real Rate of Return
Tip Income
Liquidity
charges, fees, or other expenses associated with buying, selling, or holding an investment
Wages
Costs
Inflation
Interest
the individual’s ability to repay a loan
Income
Capacity
Appreciation
Real Rate of Return
the individual’s reliability to repay the loan
Character
Defend
Saving
Diminishing Returns
assets the individual owns that could be sold to repay the loan
Rate of Return
Progressive Tax
Identity Theft
Collateral
an indication of “character” because it indicates a person’s reputation for paying bills and debts based on past behavior
Liabilities
Phishing
Diminishing Returns
Credit Score
the granting or money (or something else of value) in exchange for a promise of future repayment
Income
Credit
Human Capital
Entrepreneurs
a form of stealing that results in someone gaining access to another person’s personal information
Trade-Off
Progressive (Flat) Tax
Identity Theft
Saving
when someone attempts to get your personal information by pretending to work for a legitimate or legitimate-sounding organization, such as a bank or the government
Phishing
Taxable Interest Income
Saving
Risk
Safeguard your personal information
Credit
Deter
Trade-Off
Risk
Monitor your statements and reports
Insurance
Deter
Saving Rate
Detect
Implement your defense
Budget
Defend
Credit Score
Income Distribution
protection from possible financial loss
Saving
Insurance
Credit Score
Gross Income
The payment for insurance
Income
Liquidity
Cash Flow
Premium
a payment made by a beneficiary (especially for health services) in addition to that made by an insurer
Spending
Expected Rate of Return
Copay
Tax-Exempt Interest Income
a specified amount of money that the insured must pay before an insurance company will pay a claim
Deductible
Net (Disposable) Income
Defend
Proportional (Flat) Tax
a collection of personal principles and preferences that guide people’s behavior
Credit
Trade-Off
Value System
Tax-Exempt Interest Income
used to provide medical benefits for certain individuals when they reach age 65. Workers, retired workers, and the spouses of workers and retired workers are eligible to receive Medicare benefits upon reaching age 65.
Medicare Tax
Risk
Commission
Income
provides benefits for retired workers and their dependents as well as for the disabled and their dependents. Also known as the Federal Insurance Contributions Act (FICA) tax
Marginal Satisfaction
Interest Income
Social Security Tax
Interest
compensation received by an employee for services performed. Given in addition to an employee's usual compensation
Trade-Off
Bonus
Productivity
Social Security Tax
compensation received by an employee for services performed. Paid based on a percentage of sales made or a fixed amount per sale
Budget
Commission
Identity Theft
Liabilities
compensation received by an employee for services performed. A fixed sum paid for a specific period of time worked, such as weekly or monthly
Risk Averse
Expected Rate of Return
Tip Income
Salary
money and goods received for services performed by food servers, baggage handlers, hairdressers, and others. Tips go beyond the stated amount of the bill and are given voluntarily.
Progressive Tax
Risk
Tip Income
Diversification
the income a person receives from certain bank accounts or from lending money to someone else.
Insurance
Income Distribution
Interest Income
Return
interest income that is subject to income tax. All interest income is taxable unless specifically excluded.
Expected Rate of Return
Budget
Deter
Taxable Interest Income
interest income that is not subject to income tax. Is earned from bonds issued by states, cities, or counties and the District of Columbia
Tax-Exempt Interest Income
Dependent
Costs
Net (Disposable) Income
a person, other than the taxpayer or spouse, who entitles the taxpayer to claim a dependency exemption.
Payroll Taxes
Commission
Diminishing Returns
Dependent
