No one wants to have it, but if one got it, he does not want to lose it. What is It?

Can you find the key in the picture below?

I am a type of word that is spelt incorrectly or used differently, on purpose for humour. What am I?
Hint 1: You can find me in a joke.
Hint 2: I am a play on words.

You have two strings whose only known property is that when you light one end of either string it takes exactly one hour to burn. The rate at which the strings will burn is completely random and each string is different. How do you measure 45 minutes?

What number divided by 4 is the same as that number minus 4?

John was visiting his friend Jacob. He found out that his friend's wife had just killed a burglar in self-defense.
John asks Jacob about what happened and he told that "His wife was watching television when suddenly the bell rang. She thought that it is her husband Jacob but she found the burglar who attacked her instantly and she got so frightened that she killed the burglar immediately with the knife.
John asked the police to arrest his friend's wife. Why?

In a certain bank, a man deposits a certain amount. According to the bank policies, the amount will be doubled up in a year but as the service charge, they will also deduct Rs. 65 by the end of every year.

If after the 6th year, the amount becomes 0, what do you think is the original amount he deposited in the bank?

I possess a head

I flaunt a tail

But I don't have mouth or legs

Can you find out who I am?

There are 3 apples in the basket and you take away 2. How many apples do you have now?

What happened when the wheel was invented?