Types of Degrees
A 2 year degree is called this:
Associates Degree
In the 50/20/30 rule, 50% of your monthly income goes to what category?
Needs
Which type of bank account can you transfer money out of as many times as you want?
Checking
Which tax form is given to you by your employer to show your wages and taxes from the whole year?
W-2
Can you write a check to yourself?
Yes
Undergraduate
If you are putting 10% of your $2,000 monthly income into your savings account, how much money are you putting in?
$200
Which type of bank account collects a good amount of interest BUT you can not touch until the agreed upon date (usually 6 months-3 years later) or have to pay a hefty fee?
Certificate of Deposit
What is it called on your paystub when social security and medicare are taken out?
FICA
How would you write out 84 cents in the "amount in words" section of a check?
84/100
How many years typically does it take to get a masters degree total?
6 years
In the 50/20/30 rule, where does 30% of your income go?
Wants
What is the maximum amount of times you can transfer out of your savings account a month before you get charged a fee?
6
Which form allows you to choose how much money you want withheld for taxes?
W-4
The person you are paying the check to is called what?
Payee
True or False: An anesthesiologist is one of the highest paying jobs.
True
In the 80/20 rule, where does 20% of your income go?
Savings
Which type of bank account is considered a mix of a checking and a savings account?
Money Market
To what category does most of our federal tax money go?
Health
What is it called where you write down/record the checks you write for your records?
Checkbook register
What does B.A. stand for?
Bachelor of Arts
Where does the 50/20/30 rule come from?
Elizabeth Warren and her daughter
A 401K falls under which type of bank account?
Retirement
If I am single and taking the standard deduction and my salary is $100,000 a year, about how much money is my taxable income?
~$88,000
Why is it important to put a line or squiggle at the end of the amount you write?
To prevent someone from changing the amount.