Byu financial literacy Study guides, Class notes & Summaries

Property TaxPaid usually once a year as long as I own it; not taken from paycheck. Is for car, house, land, boat, etc. Payroll TaxTax on wages and salaries to finance Social Security and Medicare costs. Sales TaxTax on a sale of goods or services, paid at that time. Income TaxMoney that wage earners pay the government to run the country. The amount of the tax depends upon how much I earn. TaxMoney paid to the government in exchange for services, like roads, bridges, and police protecti...

What is the best purpose for keeping track of your money? to make sure you do not spend more than you earn What is not the best way to solve your financial problems? accumulating debt When is the best time to start learning about money management? when you are young Understanding and implementing sound money-management principles contributes to which of the following? all of the above What is the approximate amount of debt that the average college graduate accrues? $29,00