Entrepreneurship

Taxes you pay to the United States Federal Government.

A person that creates, owns, and potentially runs a business.

You spend less than you make is an example of a ____________ budget.

Expenses we cannot do without, like adequate food and a place to sleep at night.

Something that can be learned and developed.

Federal health insurance for people over age 65.

Expenses that might be nice to have, but are less important, like a new pair of Beats.

The amount left over from your monthly paycheck after deductions.

Chance of losing something. For example, entrepreneurs might not have a successful business.

Expenses that remain the same each month. For example, rent or house payment.

Expenses that change each month. For example, lights, heat, and water.

Taxes you pay to the state where you earn income. State taxes pay for schools, fire dept. etc.

The revenue the government collects in order to pay for services like roads, and education.

Traits that you possess internally are called skills.

Something of value that can be both tangible (money, cars) and intangible (time and energy).

Tax that pays for retirement benefits. You pay this tax now and receive the benefits later.

Money needed to start a business.