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PERSONAL FINANCE

Learn about entrepreneurship, taxes, financial choices, interest, credit, and more. Explore the world of personal finance and enhance your understanding of key financial terms and concepts.

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PERSONAL FINANCE

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  1. PERSONAL FINANCE

  2. VOCABULARY (Use a computer or dictionary to define) • Entrepreneur • Profit • Sales Tax • Income Tax • Property tax • Credit • Invest • Interest • Incentive

  3. I. Entrepreneurship

  4. I. Entrepreneurship • Entrepreneur – person who takes a risk to develop new goods and services by starting a business. • The incentive to take such risks is the opportunity for profit.

  5. I. Entrepreneurship • Examples of Georgia-based businesses include: • Coca-Cola • Delta Airlines • Georgia-Pacific • Home Depot

  6. I. Entrepreneurship • These businesses provide jobs for thousands of Georgians and a tax base for Georgia’s government to provide services for citizens.

  7. II. Three Levels of Taxes and Services

  8. III. Three Levels of Taxes Federal Tax Collection Federal Service Distribution

  9. III. Three Levels of Taxes State Tax Collection State Service Distribution

  10. III. Three Levels of Taxes Local Taxes Collection Local Service Distribution

  11. III. Financial Choices

  12. III. Financial Choices • Interest – money received in exchange for the right to borrow money. • This can be positive or negative. • Credit – borrowing money to pay off an item. This requires that you pay interest. • Invest – letting somebody else (bank, company) borrow money. They pay you interest(dividends).

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