Floating a check is illegal in most states.
What is .......
True
If your regular hourly wage rate is $12, your overtime rate would be $18 an hour.(Hint...true or false)
What is.......
True
A small business owned by a person who also works full-time for an employer is a
What is .......
Side Business
Government-sponsored health insurance for people with low incomes is called
What is ........
Medicaid
When all deductions are taken out of your pay, the amount that is left is.
What is .......
Net Pay
Everyone’s wants and needs are basically the same.
What is .......
False
When government spends more than it receives in revenue, it has a surplus. (Hint: True or False)
What is ..........
False
All activities related to the production and distribution of goods and services in a geographic area are referred to as
What is .....
The Economy
The maximum duration of benefits under most disability policies is until this age
What is ........
65
Time worked beyond your regular hours.
What is .......
Overtime Pay
Goals are slow to change, but values change often.
What is .......
False
The value of property (assets) you possess after deducting your debts.
What is ........
Capital
________ expenses, such as rent and loan payments, are costs that do not change from month to month.
What is .........
Fixed
Which type of auto insurance protects your own car against damage from auto accidents?
What is .......
Collision
Amounts that are subtracted from your gross pay.
What is ......
Deductions
Frequently, employers match employee contributions to a 401(k) plan by some percentage.
What is ........
True
Paul invested $10,000 and expects to earn 6% on the investment. Using the Rule of 72, approximately how many years will it take for Paul's investment to be worth $20,000?
What is ........
12
Money paid to stockholders from a corporation’s earnings (profits) is called
What is.....
Dividends
This type of risk includes the cost of another person’s losses for injuries at your property
What is ........
Liability
A request that a bank not cash or honor a specific check.
What is .....
Stop Payment
Term life insurance policies have no savings component.
What is .......
True
Suppose you offer a car dealership $22,000 for a new vehicle. The salesperson says that she will sell you the vehicle for 3 percent more than your offer. If you agree, what are you going to pay for the vehicle?
What is........
$22,660
The price at which the quantity supplied equals the quantity demanded of the product is the
What is ........
Equilibrium
Monthly car payments should be no more than _____ percent of the money you have left after paying all of your other expenses.
What is......
20
Independent agency of the U.S. government that protects customers from the loss of any deposit if the financial institution fails.
What is .....
FDIC