Economics Chp. 6

Principal
- Amount of money to be borrowed or charged on a credit card
- (includes taxes if applicable)
401K
- Company offered to employees
- - company typically contributes a matching percentage
- - taxes deferred til taken out at retirement
Keogn

Retirement program for the self employed
Roth IRA
- Taxes taken out up from before put in account
- -no tax on liability at retirement
Disposable Income

Money left after taxes and entitlements
Discretionary Income

Money left after needs are paid

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Card Set

Economics Chp. 6

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1st 9 weeks

Updated

2013-09-10T23:33:02Z