CAT
If Lanten’s gross pay is $1,800 this pay period and the Medicare tax is 1.45%, how much Medicare tax will be deducted from Lanten’s paycheck?
What is $26.10
A budget deficit occurs when
What is when inflows are less than outflows
According to financial experts, what portion of your income should be devoted to needs?
What is 50%
The M in SMART goals refers to making goals that are
What is Measurable
Clothing is usually considered a want.
What is True.
If Maddy’s gross pay is $500 this pay period and the Social Security tax is 6.2%, how much Social Security tax will be deducted from Maddy’s paycheck?
What is $31.00
According to financial experts, what portion of your income should be saved?
What is 20%
The ____ is the form employers use to inform you of the amount of money deducted from your paycheck in a given year.
W-2
If you discover that you have a budget deficit, how should you fix the problem?
What is increase inflows and decrease outflows
The S in SMART goals refers to making goals that are
What is Specific
Reese’s gross pay is $1,900.00. All of his deductions total $550. What is his net pay?
What is $1,350.00
The total money you get to “take home” from your paycheck after taxes and deductions is _____.
What is Net Pay?
According to financial experts, what portion of your income should be devoted to wants?
What is 30%
The total money earned in your paycheck before taxes and deductions is _____.
What is Gross Pay?
The R in SMART goals refers to making goals that are
What is Relevant
If Chase worked 10 hours last week at $7.25 per hour, what is his gross pay?
What is $72.50
Which of the following is an example of a short-term goal?
What is Katie wants to save $100 for a trip this summer.
What is meant by a balanced budget?
What is inflows are greater than or equal to outflows.
The T in SMART goals refers to making goals that are
What is Timely
The following statement is a SMART Goal: "I want to be able to attend college."
What is False?
Darion’s assets total $50,000 and his liabilities total $40,000. What is his net worth?
What is $10,000
The form employers use to determine how much tax to deduct from your paycheck is _____.
W-4
The following statement is a SMART goal: “I want to make all As.”
What is False?
Which of the following is an example of a long-term goal?
What is Emery wants to plan for is retirement
The following statement is a SMART goal: “In one year, I want to save $6,000 to purchase a car.”
What is True