All of the following are examples of "needs", EXCEPT:
a) cell phone
b) food
c) clothing
d) shelter
What is d) shelter?
100
Which of the following would make a POSITIVE impact on your credit score:
a) using all available credit
b) making regular payments
c) missing a payment
What is b) making regular payments?
100
This form is filled out when you are first hired at a job.
What is W-4?
100
Type of wage earned for each hour of work completed up to 40 hours in a pay period.
What is hourly wage?
100
This type of insurance financially protects the person from injury and illness.
What is health insurance?
200
Sarah rents an apartment for $725 per month. This is an example of a __________ expense.
What is fixed?
200
Which of the following is a DISADVANTAGE of using a debit card?
a) It does not help your credit score.
b) It can be sued where credit cards are accepted.
c) It draws from current funds in a bank account.
What is a) It does not help your credit score?
200
This form is given to you by your employer that shows your earnings and taxes withheld for the year.
What is W-2?
200
This type of wage is earned for each task completed or product made based on an hourly production rate.
What is piece rate pay?
200
This type of insurance pays out a certain amount of money to beneficiaries upon the policyholder's death.
What is life insurance?
300
An expense that is paid on a regular basis but the AMOUNT paid can change is a ____________ expense. (Examples include: water and other utilities)
What is variable?
300
This type of payment allows you to buy now and make monthly payments. (Hint: generally used for major and/or expensive purchases OR emergencies)
What is credit card?
300
This section of the billing statement contains the CURRENT month's charges COMBINED with any previous unpaid charges.
a) previous balance
b) current balance
c) interest charged
What is b) current balance?
300
This type of wage is earned for working more than 40 hours in one week.
What is overtime pay?
300
TRUE or FALSE: It is illegal to drive in NC without auto insurance.
What is true?
400
Beth earns money by tutoring students four nights a week. The money earned by Beth is called ____________.
What is income?
400
This form of payment automatically has the bill amount taken out of your bank account on a certain day each month. (Hint: used for FIXED expenses such as rent.)
What is automatic draft or withdraw?
400
A customer should do this BEFORE a bill is due if he/she is unable to pay a bill on time.
What is call a creditor or the company?
400
This amount on a paycheck stub shows the amount earned BEFORE any deductions.
What is gross pay?
400
Mary emptied out her piggy bank. She had 3 five-dollar bills, 2 one-dollar bills, seven quarters, two dimes, and seven pennies. This is the amount of money Mary had altogether.
What is $19.02?
500
Which two (2) of the following are needed to balance a checkbook:
a) bank statement with checking account information
b) credit card receipts
c) check and debit card receipts
d) credit card statement
What is a) bank statement with checking account information and c) check and debit card receipts?
500
This type of agency or lending services charges the MOST for services and should only be used in extreme emergencies or avoided altogether.
What is payday loans or lenders?
500
This form is completed when filing your FEDERAL takes if you are single, no one claims you as a dependent, and you have no dependents.
What is 1040EZ?
500
Jane worked 38 hours this week. Her gross weekly earnings were $446.50. This is her hourly wage.
What is $11.75?
500
Perry bought a jacket that cost $39.98. The sales tax was 7%. What was the final cost of the jacket that Perry bought?