Personal Finance

Personal Finance Glossary Personal Finance 1040EZ taxation pass water The basic tax form used by many people for filing their federal income taxes. An income tax form is also called a tax return. 1099 form A tax form similar to a W-2 form that is used by independent contractors, such as part-time freelance employees, lawyers, or delineateants. 401(k) account A type of retirement savings account set up by employers for their employees. 529 stick out A line that allows p arnts to prepay or save for their childrens future college expenses. There ar two types of 529 plans: prepaid plans and savings plans. A prepaid 529 plan lets p atomic number 18nts purchase college tuition at todays rates, with the guarantee that theyll be able to apply todays rates to college in the future, no matter how a lot they go up. A savings 529 plan is an investment account where money is set aside for college expenses. Accountant A finance professional who keeps track of a company or individuals money. Accountants are sometimes called auditors. Accounting The recording, reporting, and analyzing of financial information. Accounting equation hold balance sheet equation. Accounting journal See ledger. Accounts due A part of a companys liabilities. These are amounts of money owed to other companies for products.



Accounts receivable Amounts of money that are owed to a company by customers. Accrual basis accounting The step accounting type defined by GAAP. Active earreach When you are overflowingy engaged and participating as a listener. Adjustable interest rate See interest rate. advertizing When a company pays for messages that are meant to get consumers to notice and indispensableness its products. Affirmative Action A collection of policies that recruit and continue qualified minorities, women, people with disabilities, and veterans. Not all businesses use optimistic action. Affordable Care Act A law passed in the United States in March 2010. This law is intended to spend a penny health insurance more...If you want to get a full essay, order it on our website: Orderessay



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