Everfi 2023 with verified questions and answers

Medicare is an example of what Tax What is medicare Medicare is federal health insurance for people older than 65 What is a want. Something you don't need but you would like it What is a need. Something you need to survive What is SWOT Strengths, Weakness, Opportunities and Threats What is an Entrepreneur A Entrepreneur is someone who creates and owns and potentially runs a business What do business plans help do They lower the risk of starting a new business Example of skills People skills, Business skills, and communication skills. What is one advantage of owning a business You get control over where and when you work What is take home pay Left over money from your monthly pay check after deductions. What do you need to start a business A startup capital What is a startup capital Money you invest in supplies, marketing, legal services, and other investments to get your business A entrepreneurs plays a role in what Economy What is one way to begin saving for a startup capital Set aside a portion of your income Federal taxes are payments to what US feral government Social security is an example of what Tax Taxes are what Mandatory payments you make to the state and local government What is a fixed expense A expense that doesn't change every month What is variable expense A expense that changes every month. When making a personal budge Its important to consider what first Things you need