After Graduating from University, You Obtain a Job as a Medical

question 87

Essay

After graduating from university, you obtain a job as a medical records technician. Your monthly salary is $2,000. Your monthly expenses are $1,600. Based on this information, what steps should you take to establish a long-term investment program?

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Definitions:

Percent

A way to express a number as a part of 100, often used to describe proportions and changes in financial and statistical data.

Overtaxed

A condition where individuals or entities are subject to excessive tax rates relative to their income or profit.

Payroll Tax

Levies charged to both employers and employees, based on a percentage of the wages that employees receive from their employers.

Wage-Base Limitation

A ceiling on the amount of an employee's income that is subject to certain taxes or contributions.