Banking/Wages
Social Security and Medicare
APR stands for this.
Annual Percentage Rate
When filing your tax return, you can choose one of two deductions. One option is to itemize deductions, the other is the ____________.
Standard Deduction
True or False: You legally must have full coverage on your vehicle.
False
What number is in the thousandth place in the following number?
10.34675
6
When earning time and a half for overtime. What number do you multiply your wages by?
1.5
True or False: It is a good idea to only pay the minimum payment on a credit card.
False
This form tells you how much was withheld for taxes in a certain year.
W-2
Name the two types of life insurance.
Whole and Term
What is 6% written as a decimal?
0.06
This is a bank account that has a higher interest rate but you agree to not touch the money for a certain amount of time.
CD (Certificate of Deposit)
What is the benefit of paying off of the full balance of a credit card each month?
No Interest or Fees
This is the tax you pay at the grocery store
Sales Tax
This is the fee you pay for going to the doctor.
Copay
A pair of jeans are originally priced at $60 but they are 30% off. What is the sale price?
$42
Crypto, stocks, bonds, IRAs, 401k's are examples of this.
Investments
This is the name of a loan for a house.
Mortgage
This is the account that is set up when you take out a mortgage on a home that allows you to pay your property tax and homeowners insurance.
Escrow
This car insurance only covers the car that you hit in an accident.
Liability
If you buy an item for $15 and the sales tax is %7.25,
what is the total price?
$16.09
What is the "For" line used for on a check?
What the check is for
This is a payment you make when you buy something to lower the principal of a loan.
Down Payment
This is the form you fill out to file your tax return.
1040
In Health Insurance, this is the term for the most amount of money you would have to pay under a certain policy.
Out of Pocket Maximum
What is the name of Mr. Green's newborn baby?
Jordan