100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Alabama Financial Literacy Test Exam Questions with Complete Answers $10.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Financial Literacy
  4.  
  5. Financial Literacy

Exam (elaborations)

Alabama Financial Literacy Test Exam Questions with Complete Answers
 7 views  0 purchase
  • Course
  • Financial Literacy
  • Institution
  • Financial Literacy

The total one gets to "take home" from a paycheck after taxes and deductions are taken out is known as what? - Answer-Net pay Which of the following is the form employers use to determine how much tax do deduct from a paycheck - Answer-w-4 Which of the following is the form an employer provid...

[Show more]

Preview 1 out of 4  pages

Document information

  • October 12, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • alabama financial literacy test exam questions wit
  • the total one gets to take home from a paycheck

Written for

  • Financial Literacy
  • Financial Literacy

Seller

avatar-seller
lectknancy

Reviews received

Content preview

Alabama Financial Literacy Test Exam
Questions with Complete Answers
The total one gets to "take home" from a paycheck after taxes and deductions are taken
out is known as what? - Answer-Net pay

Which of the following is the form employers use to determine how much tax do deduct
from a paycheck - Answer-w-4

Which of the following is the form an employer provides to an employee to inform them
of how much money was deducted from paychecks in a given year? - Answer-w-2

Which of the following statements best describes gross pay? - Answer-Amount of
money one receives from their job before taxes or other deductions are taken out.

Which of the following will be paid for as part of the escrow funds included in a
mortgage loan? - Answer-Property tax

When seeking to open a bank account, which of the following is needed? - Answer-
Government - issued identification

When one is seeking to purchase a product at a store, what additional cost must be
paid in addition to the listed price of the product? - Answer-Sales tax

Which of the following best describes the concept of APR? - Answer-The credit card
interest rate, calculated on a yearly basis

A certificate of deposite (CD) differs from a traditional savings account in what way? -
Answer-CDs must remain untouched for a fixed period of time

All of the following are advantages of bundling Except what? - Answer-Increases
insurance options

Which of the following investments is characterized by the following traits: Insured by
FDIC or NCUA, Lowest interest rate of all investments, Number of withdrawals per
month may be limited? - Answer-Traditional savings account

What is the term used to describe interest earned on interest gained? - Answer-
Compound interest

Which of the following is a financial institution that handles money, including keeping it
safe for saving or commercial purposes? - Answer-Bank

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77858 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart