Investments
What is money put into something with the goal of earning more money?
Investment
What is the stage of life when a person stops working permanently?
Retirement
What is income called before taxes and deductions are taken out?
Gross Income
What type of employee earns money based on the number of hours they work?
Hourly employee
How many times has Kim Kardashian been married?
3 times
Which investment keeps your money in a bank for a set amount of time and earns interest?
Certificate of Deposit (CD)
What retirement plan allows workers to save part of their paycheck for retirement?
401(k)
What is the money you actually take home after taxes and deductions?
Net income
What type of pay gives a worker money based on the amount they sell?
Commission
How many hearts does an octopus have?
3 hearts
What investment combines money from many investors to buy different stocks and bonds?
Mutual fund
What is a retirement benefit that can provide regular payments after someone stops working?
Pension
What does FICA help fund?
Social Security and Medicare
How many paychecks are normally received each year if someone is paid biweekly?
26
What is the only mammal capable of true flight?
A bat
Which is usually considered higher risk: a CD or cryptocurrency?
Cryptocurrency
Name one common source of income someone might use after retirement.
Social Security, pension, 401(k), or investments
Andre earns $5,000. If FICA is 7.65%, how much FICA is withheld?
$382.50
What is the period when you can pay a credit-card balance without being charged interest called?
Grace period
How many bones are in the average adult human body?
206 bones
What type of fund tries to copy the performance of a market index, such as the S&P 500?
Index fund
Why is starting retirement investing at a young age helpful?
Your money has more time to grow and earn compound returns
Andre earns $5,000. If FICA is 7.65% and federal withholding is 22%, how much is withheld altogether?
$1,482.50
What is one major financial advantage of renting instead of owning a home?
Lower upfront costs / fewer repair responsibilities
What country has a unicorn as its national animal?
Scotland