Financial Aid & literacy
Insurance
Taxes
SMART Goals
True/False
100

ACT requirement needed in order to qualify for MTAG

What is 15. 

100

Is an arrangement between an individual (Consumer) and an insurer (Insurance Company) to protect the individual risk from automobiles

What is automobile insurance 

100
What article, section, and clause of the constitution grants the government the power to tax?
Article 1, section 8, clause 1 
100

The S in SMART goals

What is Specific

100
The US Taxes goods being sent out of the US


False

200
ACT requirement to qualify for MESG
What is 29
200

Combines property and liability insurance into one policy to protect a home from damage costs due to perils

Home Insurance


200

All tax returns must be filed by what date?

April 15th

200

The R in SMART Goals

Realistic

200

Credit is when you can access only the available money in your account, otherwise, you may face potential fees. 

False


300

the percentage of Americans have less than 6 months in their savings account.

What is 67%

300

Is a contract between an insurer and policyholder specifying a certain sum to be paid to a beneficiary upon the insured's death.

What is life insurance


300

According to the constitution the purpose of taxes must be for what

The common defense and general welfare

300

The T in SMART Goals

What is Timely or Tangible


300

Congress must fund entitlement programs

True


400

The amount of credit card debt for an average household in the US as of August 2025. 

What is $10,037. 
400

Protects the insured from loss of contents of the dwelling rather than the dwelling itself.

What is Renter's insurance


400
the 3 different types of taxes that affect people differently depending on their income. 

Progressive Tax, Regressive Tax, and Proportional Tax


400

The A in Smart goals

What is Attainable


400

Medicare is also paid for by the same program that Social Security is. 

True

500

The 4 rules of staying out of poverty according to Dave Ramsey. 

What is 1.) Graduate high school, 2.) get a full time job, 3.) don't get married until 21, 4.) don't have kids until your married 

500

An insurance that provides protection against financial losses resulting from injury, illness, and disability

What is health insurance


500
Social Security Taxes are funded by.

Federal Insurance Contributions Act


500

Name each of the words in order for SMART goals

What is Specific, Measurable, Attainable, Realistic, and Timely or Tangible


500
Excise Tax is also referred to as "Death Tax"

False