1) Visa and MasterCard are the most commonly recognized bank card names as well as
the actual lenders.
2) A person is insolvent when he or she doesn’t have enough current income to pay all
of his or her current bills.
3) The SEC requires that a mutual fund’s profile prospectus include an estimate of the
future rate of return for the fund.
4) Sales finance companies usually require collateral and deal with customers who are
considered poor risks.
5) The income of children over 18 years of age (or 24 if a full time student) is taxed at
the parents’ marginal tax rate.
6) All of your employment income is subject to the FICA tax.