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CAP Personal Finance Exam 10/23 Questions & Answers 2024/2025
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CAP Personal Finance Exam 10/23 Questions & Answers 2024/2025
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CAP Personal Finance Exam 10/23Questions & Answers 2024/2025
Credit Bureaus - ANSWERSCredit Reports are issued by ____________.
Bounced - ANSWERSWhen a check is returned to the payee's bank due to insufficient funds, the check is
said to have ________.
Quarterly - ANSWERSSelf-employed people must make estimated tax payments ________________.
The less tax you will have withheld from your paycheck. - ANSWERSThe more allowances you claim,
_______________.
Disposable income - ANSWERSWhen preparing a budget, you need to focus mostly on your
___________________.
Credit - ANSWERSA tax _______ is an amount subtracted directly from the tax owed.
25-30 - ANSWERSMost financial experts advise allotting ________________% of your total budget for
housing.
Compound Interest. - ANSWERSInterest paid on the original principal plus accumulated interest is called
________________.
Worker's Compensation. - ANSWERSAn insurance program that pays benefits to workers and/or their
families for injury, illness, or death that results on the job is called ______________________________.
Income tax. - ANSWERSThe largest source of government revenue in the United States is
__________________.
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