5 Written Questions
5 Matching Questions
- Debit Card
- Gross Pay
- Probate Court
- Social Security
- a A fraudulent or deceptive act.
- b A plastic card that provides access to electronic funds transfer (EFT) from an automated teller machine (ATM) or a point-of-sale (POS) terminal.
- c number, or another piece of personal information to commit fraud.
- d The government institution with jurisdiction over a deceased person's will and estate.
- e Wages or salary before deductions for taxes and other purposes.
5 Multiple Choice Questions
- Compensation that an employee receives in addition to a wage or salary. Examples include health insurance, life insurance, childcare, and subsidized meals. Employer-sponsored retirement savings plan Tax-deferred investment programs, such as 401(k) plans for corporate employees and Section 457 plans for state and local government employees, which provide, in some cases, employer matching funds.
- The ability to use knowledge and skills to manage one's financial resources effectively for lifetime financial security.
- Provides liability and property damage coverage under specific circumstances.
- Stock ownership in a corporation.
- Annual earnings on an investment expressed as a percentage of the amount invested; also known as yield. Example: A $3 annual dividend divided by $34 share cost = 0.088, an 8.8% rate of return.
5 True/False Questions
Tax Credit → An amount that a taxpayer who meets certain criteria can subtract from tax owed. Examples include a credit for earned income below a certain limit and for qualified post-secondary school expenses. (See Tax deduction and Tax exemption.)
Dividends → A person who relies on another individual for support.
Opportunity Cost → The value of possible alternatives that a person gives up when making one choice instead of another; also known as a trade-off.
Social Security → A person who lends money at an exorbitant rate of interest.
Living Will → The process of setting income aside for future spending. Saving provides ready cash for emergencies and short-term goals, and funds for investing.