Budget & Choices
Paychecks & Taxes
Credit vs. Debit
Identity Protection
College & Careers
100
A plan for how you will earn, spend, and save money.
What is a budget?
100
Pay before deductions are taken out.
What is gross pay?
100
This card uses money from your checking account rather than a loan.
What is a debit card?
100
The crime of using someone else’s personal information without permission to open accounts or commit fraud.
What is identity theft?
100
Education or training pursued after high school is called this.
What is postsecondary education?
200
A checking account has $80. After a $25 debit purchase, this much remains.
What is $55?
200
This is the take-home pay left after payroll deductions.
What is net pay?
200
This percentage describes the annual cost of borrowing on a credit card.
What is APR, or annual percentage rate?
200
A deceptive email or message that tricks someone into sharing personal information is this kind of scam.
What is phishing?
200
These two types of gift aid generally do not have to be repaid.
What are grants and scholarships?
300
A checking account has $42. A $50 payment is processed, putting the balance below zero. This situation may trigger a fee.
What is an overdraft?
300
A worker earns $15 per hour for 40 hours. With $90 in total deductions, this is the net pay.
What is $510? ($600 gross minus $90.)
300
A credit card statement requires a minimum payment by its due date. Missing it can lead to this extra charge.
What is a late fee?
300
Shredding documents with account numbers helps prevent this method of stealing information from discarded papers.
What is searching through trash?
300
A college lists a $12,500 price and awards $6,000 in grants and scholarships. This is the net price.
What is $6,500?
400
A regular car costs $3,000 less upfront than a hybrid. Over five years the hybrid saves $3,500 in gas. This is the hybrid’s overall advantage, ignoring other costs.
What is $500? ($3,500 minus $3,000.)
400
Year-to-date gross pay is $5,400 and year-to-date net pay is $4,200. This much has been deducted so far this year.
What is $1,200?
400
A $400 purchase is charged to a credit card. If the balance carries interest, this is why the total paid can exceed $400.
What is interest charged on the unpaid balance?
400
A criminal opens a credit account in a teenager’s name. This record may show the fraudulent debt and affect future borrowing.
What is a credit report, or credit history?
400
A chart shows high-school graduates earning $930 per week and bachelor’s degree holders earning $1,543. This is the weekly difference.
What is $613?
500
Using the trip budget shown, this is the minimum amount that must be cut from planned costs to stay within budget.
What is $15? ($155 + $360 = $515.)
500
Using this earnings statement, calculate the employee’s take-home pay for the period.
What is $520? ($630 − $72 − $38.)
500
A cardholder owes $600. They pay $100, then the lender charges $10 interest on the remaining balance. With no other activity, this is the new balance.
What is $510?
500
A scammer combines small details posted online to impersonate a student and apply for a loan. This long-term harm may make future borrowing more difficult.
What is damage to the student’s credit history?
500
Using the chart, identify which school has the lower net price and by how much.
What is School A by $1,000? (A: $12,000; B: $13,000.)