personal finance

 0    25 schede    samuelcoady
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Domanda Risposta
Direct investment
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you own title to property you purchased
Commercial property
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land and buildings that produce rental income
Indirect investment
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an investment in which a trustee is appointed to hold legal title to the property
Syndicate
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temporary association of individuals or business firm organized to perform a task that requires a large amount of money
Participation certificate
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an investment in a group of mortgages that have been purchased by a government agency
Financial leverage
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this is the use of borrowed money for direct investment purposes
Precious metals
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gold platinum siler
Precious gems
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mineral deposits that are dug from the earth by miners and cut and shaped into jewels
Collectibles
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people for investments that collect things, includes rare coins, works of art, antiques, stamps, comic books, sports memorabilia
Tax liability
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total amount of taxes owed
Estate tax
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this is a federal tax collected on the value of a person’s property at the time of their death
Inheritance tax
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state tax collected on the property left by a person to his heirs in a will
Income tax
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tax on wages, salaries, and self employed earnings
Income tax return
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form that which a taxpayer reports how much money they’ve received from working and other sources
Exclusion
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income that is not subject to taxes
Adjusted gross income
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gross income after calculating certain reductions
Taxable income
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adjusted gross income minus any allowable tax deductions and exemptions
Tax deduction
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expense that you can subtract from your adjusted gross income to figure your taxable income
Standard deduction
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amount of money set by the irs that is not taxed
Itemized deduction
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specific expense (such as a medical expense) that you can deduct
Exemption
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deduction from the adjusted gross income for the taxpayer spouse and qualified dependents
Tax credit
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amount of money that can be subtracted from the taxes you owe
Allowance
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withheld from your paycheck based on your marital status and dependents
Extension
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extended deadline for filing your tax return
Tax audit
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detailed examination of your tax return by the IRS
Crea delle schede
hiszpański

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