Money Management
What is a financial institution that accepts deposits from the public.
A. Cashapp
B. Bank
C. Paypal
D. Loan Office
B. Bank
A thing that is borrowed, especially a sum of money that is expected to be paid back in interest.
A. Loan
B. Credit Card
C. Gift
D. Savings Account
A. Loan
On average, what is the cost of living PER YEAR in Arkansas?
A. Less than $38,000
B. $38,000 - $50,000
C. $50,000 - $75,000
D. More than $100,000
B. $38,000 - $50,000
What is the amount of money you gain in a year when your employer pays you for your work?
A. Grant
B. Paycheck
C. Payroll
D. Salary
D. Salary
What is the average cost of a home in AR?
A. 524,025
B. 187,500
C. 234,167
C. 234,167
What is a list of planned expenses and Income?
A. Assets
B. Budget
C. Cash Flow
D. ATM
B. Budget
What is an example of a flexible expense in your monthly budget.
A. Housing
B. Groceries
C. Car Insurance
D. Utilities
B. Groceries
What is the poverty level (income) in Arkansas for a single person?
A. 30,000
B. 15,650
C. 10,700
D. 48,200
B. 15, 650
An employer focuses the most on an individual's ______ when hiring?
A. Friends
B. Skills
C. Resume
D. Education
B. Skills
Average cost of rent in Arkansas for a one bedroom apartment?
A. $650 to $775
B. $1200 to $1325
C. $956 to $1,136 per
D. $475 to $550
C. $956 to $1,136 per
What is the form an employer sends you, summarizing your earrings and taxes withheld for the year. This is used to complete your taxes.
A. I-95
B. Form 5
C. W-2
D. Paystub
C. W-2
What else do you need to drive besides a drivers license?
A. an ID
B. the Title
C. Car insurance
D. Glasses
C. Car insurance
A. $1750
B.$3600
C. $950
D. $4200
B. $3600
What type of document will help you to promote yourself, obtain an interview, and get a job?
A. Scholarship
B. Cover Letter
C. Resume
D. Biography
C. Resume
What is the average cost of utilities in Arkansas?
A.$132
B.$525
C.$75
D.$240
A. $132
When do you have to complete your taxes by?
A. January 1st
B. April 15th
C. November 10th
D. July 4th
B. April 15th
What is the average salary for those with a college degree?
A. 80,000
B. 34,500
C. 52,000
C. 52,000
What is the average income in Arkansas?
A. 52,000
B. 48,000
C. 72,000
D. 24,000
A. 52,000
**DOUBLE POINTS**
Name a deduction that can be taken out of your paycheck.
State Taxes, Retirement, Health Care, State Income Tax, Social Security, Medicare
What is the average cost of internet/wifi per month?
A. 60-120
B. 50-80
C. 120-150
A. 60-120
How much should someone try to save a month?
A. 50%
B. 20%
C. 30%
D. 10%
D. 10%
What is the average cost of doctor's appointment?
A. 100-300 w/o insurance
B. 10-50 w/insurance
C. Both A and B
C. Both A and B
Average cost of rent in groceries for one person per month?
A. $200
B. $700
C. $180
D. $360
D. $360
What is the average salary for those with a high school diploma only?
A. $25,000 to $34,000
B. $17,000 to $25,000
C. $34,000 to $42,000
A. $25,000 to $34,000
True or False - you must pay an additional deposit when you pay first months rent for a new apartment?
True.
A deposit can cost up to the price of rent. Example - rent is $900. For the first month, you may have to pay $1800 to secure the apartment.