What is: Annual Percentage Rate
Bonus: What does APR mean?
100
Another name for a depository institution
What is: A bank
100
The name of the tax form used to file your tax return
What is: 1040EZ
100
The current minimum wage
What is: $7.25
200
Money paid in advance of moving in to be used for repairs beyond normal wear and tear.
What is: Security deposit
200
The range of possible credit scores
What is: 300-850
Bonus: What is considered a good credit score?
200
The recommended amount to have in a savings account
What is: 6 months of your salary
200
The difference between gross pay and net pay
What is:
Gross pay is your income before taxes
Net pay is your income after taxes (take home pay)
200
Name the titles of the three movies we have watched so far in this class
What are:
The Pursuit of Happiness
Catch Me if You Can
Big
300
Extra expenses in addition to your rent, including utilities like water and electric, and also features such as Internet, cable, and phone service.
What are: Amenities
300
How to avoid paying interest on a credit card
What is: Pay the credit card balance in full every month
300
Explain the "Pay Yourself First" motto
What is: Set aside money for saving before spending
300
Someone who may be contacted to attest to your character when applying for a job
What is: A reference
Bonus: What is the difference between a personal reference and professional reference?
300
Round the number 256,478.391 to the hundreds place
What is: 256,500
400
Decipher the following advertisement:
2BR/1BA, $900/mo., W/D incl., NS, NP, water pd.
What is:
2 bedrooms, 1 bathroom, $900 per month, washer/dryer included, no smoking, no pets, water paid.
400
The difference between a debit card and a credit card
What is:
A debit card is linked directly to your bank account and the money is taken out immediately
A credit card carries borrowed money that is paid back later
400
Your rent is due on May 1. Write a check for the full amount of $750.46 made payable to Frederick City Apartments.
What is: See check
400
Name two of the three methods for how you could receive your monthly paycheck
What is:
1) Paper Paycheck
2) Direct Deposit
3) Payroll Card
400
An information sheet presented in place of a job application that includes your personal information, educational background, previous work experience, honors/activities, etc.
What is: A resume
500
While not required (but recommended), this can protect the tenant's personal belongings from theft, fire, or vandalism.
What is: Renter's insurance
500
Someone who agrees to be equally responsible for the amount borrowed on your credit card.
What is: A co-signer
500
How quickly and easily an asset can be converted into cash
What is: Liquidity
500
The amount of money allowed for personal exemptions for someone who is single AND someone who is married
What is: $1500-single and $3000-married
Bonus: How much for a dependent?
500
Jeff is paid $9.50 per hour for a regular 40 hour week. This week he worked 45 hours and get's paid time-and-a-half for each hour of overtime. How much money did Jeff make this week?
What is: $451.25
9.50 x 40 = $380
9.50 x 1.5 = $14.25 (amount for each overtime hour)
14.25 x 5 = $71.25
380 + 71.25 = $451.25