This is the amount of money you take home after taxes and other payroll deductions.
What is net income?
100
These are amounts of money you can subtract from your gross income and not pay taxes on.
What are allowances?
100
These types of services are now being used by banks to add convenience through technology.
What are online services? (Examples are ok)
100
These are the 5 Cs of credit. (Name 3)
What is Character, Capital, Collateral, Credit Report, and Capacity?
100
Someone looking to live somewhere for a short period or who does not want the responsibility of performing maintenance on their home may choose to do this. (Hint: rent or buy)
What is rent?
200
This form is given to you at the start of a new job to determine how much tax should be taken out of your check.
What is Form W4?
200
This is the amount of your income on which you owe taxes.
What is taxable income?
200
These are the two main functions of your checking account.
What is depositing and withdrawing money for day to day expenses?
200
This is the fee paid for borrowing money.
What is interest?
200
Extra income from an unexpected or infrequent source is called this.
What is a windfall?
300
This is anything received from your employer in addition to your regular pay.
What is an employee benefit?
300
This is the form sent to you and the government by your employer which documents how much you made and how much tax you paid.
What is Form W2?
300
This is the location of your checking account routing number. (Be specific!)
What is the bottom of your check?
300
This type of credit is used mainly by credit card companies.
What is revolving credit?
300
This type of insurance covers your home in case of fire or other accidental damage.
What is homeowner's insurance?
400
This is the form used to apply for Federal Student Aid.
What is the FAFSA?
400
This is the type of tax used for our income tax in the United States (Hint: progressive or flat)
What is progressive?
400
This is the term used when you've spent more money than is available in your checking account.
What is an overdraft?
400
This type of credit is used mainly for large/expensive items such as homes and cars.
What is installment credit?
400
This type of insurance covers your funeral expenses and other debts after you die.
What is life insurance?
500
This is an advantage of being independent according to the FAFSA formula.
What is more money!?
500
This is the tax form you'd need to fill out if you make over $100,000 or want to itemize deductions.
What is 1040?
500
This type of financial institution is owned by its members.
What is a credit union?
500
This is the function of the Equal Credit Opportunity Act.
What is to protect people from discrimination when applying for or using credit?
500
This is the suggested amount for your emergency fund