Personal Finance Tests Compilation Bundle

Ashley plans to do some of her Christmas shopping online. What is a safety tip to follow when she is shopping online? correct answer: credit card Charis wants to decrease the risk of fraudulent use of her credit cards. Which strategy would be the most effective? correct answer: SIgning the back...

Net income correct answer: Take-home pay Gross income correct answer: Total income before any deductions were taken Voluntary salary deduction correct answer: Money you have given your permission to have deducted from your paycheck Involuntary salary deduction correct answer: Money take...

401(k) plans are especially beneficial because the $$ is deducted ___________taxes. correct answer: before A 403(b) or TSA, is known as a ______________________. correct answer: Tax Sheltered Annuity IRA stands for _______________________ correct answer: Individual Retirement Account ___...

Scarlett is a very talented musician and really enjoys performing and writing music. She would really love to be a professional musician but is concerned about how she might support herself financially as an artist. Now that she is about to graduate from high school, she is really starting to think ...

income correct answer: earnings received as wages, rent, profit, or interest wages correct answer: payment for work, usually calculated in periods of an hour salary correct answer: payments for work, usually calculated in periods of a week or longer, salary is usually tied to the completion...

Income correct answer: money received, especially on a regular basis, for work or through investments. Fixed Expense correct answer: cost the same every time-often a set monthly payment, such as a car payment Periodic Expense correct answer: arise occasionally during the year, usually less ...