Economics Chp. 6

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Author:
hey_itsdarra
ID:
234107
Filename:
Economics Chp. 6
Updated:
2013-09-10 19:33:02
Tags:
OHS Econ
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1st 9 weeks
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  1. Principal
    • Amount of money to be borrowed or charged on a credit card 
    • (includes taxes if applicable)
  2. 401K
    • Company offered to employees 
    • - company typically contributes a matching percentage 
    • - taxes deferred til taken out at retirement
  3. Keogn
    Retirement program for the self employed
  4. Roth IRA
    • Taxes taken out up from before put in account 
    • -no tax on liability at retirement
  5. Disposable Income
    Money left after taxes and entitlements
  6. Discretionary Income
    Money left after needs are paid

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