Covers the damage to a vehicle due to an automobile accident
Collision
100
Your job should blend all but which of the following?
Parents' wishes
100
Which rule should you follow when interviewing?
Present yourself well, arrive on-time, and maintain eye contact at all times
100
Which tax may or may not be withheld from your paycheck depending on where you live?
State
100
Why is cash value life insurance not a good investment?
Returns are historically low, when you die, the insurance company keeps the cash value, the fees deducted from your return are high
200
The face value of a mortgage, not including interest
Principal
200
Which is not a horrible mortgage option?
Conventional
200
The best type of identity theft insurance is on that:
includes restoration services
200
What part of you homeowner's insurance policy with replace the contents of your house regardless of the value?
Guaranteed replacement
200
Which of the following will not likely lead to reduced insurance rates?
Speeding tickets
300
Source of revenue for local governments
Property Tax
300
Why do you plan for retirement instead of relying on Social Security to take care of you?
Monthly social security benefits are not going to be enough to live on comfortably, you aren't depending on someone else to take care of you and the system may not be able to pay promised benefits in the future
300
You are ready to buy a home under the following conditions:
You have a fully funded emergency fund, and you can pay at least 10% down
300
In general, a good way to save money on insurance premiums is to:
Increase your deductible
300
Julie works full-time and is finishing college so she can be a teacher. What housing option would be best for her? Rent or Buy?
Rent
400
Loan payments on a house
Mortgage
400
What role does the resume play on the job hunting process/
Gets you an interview
400
Which is an advantage of taking a 15-year mortgage vs. a 30-year mortgage?
The difference you save in the interest is significant
400
What is true about your strengths and personality
You grow the most in your areas of strength
400
Justin has been working at the same job for five years and recently finished his master's degree, which will cause him to get a promotion. He has saved $10,000 inn the past six months, what housing option would be best for him, based on this information? Rent or Buy?
Buy
500
Used to fund government programs, agencies, road, etc.
Federal Income Tax
500
Which is a type of insurance to avoid?
Mortgage insurance
500
What is the difference between gross pay and net pay
Gross pay is before taxes and net pay is after taxes
500
The primary reason for insurance is to:
Transfer risk
500
Gregg travels out of town frequently for his ales job. He makes a good salary and has saved over $20,000. His company may transfer him to a new sales territory within the next two years. What housing option would be best for him, based on this information?