Show:
Well Being
Financial Planning
Goals
Depository Institute
Taxes
100
Jenna wants to improve her financial well-being. Which of the following would contribute the most to her financial well-being?
What is Take a personal finance class to learn how to manage her money.
100
Sylas is studying financial planning in one of his classes. His teacher has assigned him to create a timeline of his financial future. Where should the end of his financial planning timeline be set?
What is Never – it is an ongoing process.
100
Kaylee will save her allowance of $25 per month to purchase a $150 mp3 player in six months. This is an example of what type of goal?
What is short-term goal
100
David made a mistake in his checking account recordkeeping and spent $10 more than he had deposited in his account. As a result, he can expect to be charged a(n):
What is Overdraft Fee
100
Taxes that are charged on consumption items such as gasoline, hotel rooms, and airline tickets are called which kind of taxes?
What is excise
200
Jacob is wondering how he can improve his intellectual well-being. Which of the following would contribute the most to his intellectual well-being?
What is Challenge himself by taking on a new project at work.
200
Which of the following is likely to have the least influence on an individual's values? Media, Family,Religious affiliations, or grade average?
What is grade average
200
Amber's academic adviser has asked her to set 3 academic goals for this semester. These goals are MOST LIKELY to be accomplished if:
What is Amber writes her goals down
200
Samantha wants to be able to use funds in her checking account but finds going to the bank to withdraw cash to be inconvenient. She would like a more effective way to access her checking account funds. What would you suggest she do?
What is Apply for a debit card. That way she can use the card instead of cash to purchase the things she needs and the amount spent is immediately deducted from her account.
200
Which statement is NOT TRUE about property taxes? A. Property tax is often charged by states or local governments to pay for local schools. B. The property tax rate is set by the federal government to be equal in every state. C. The fee paid to license a vehicle is an example of property tax. D. Property taxes are most often paid only once or twice each year.
What is B. The property tax rate is set by the federal government to be equal in every state.
300
Carter wants to participate in an activity that will improve his well-being. Which of the following activities would contribute the most to his well-being?
What is An activity that makes him lose track of time.
300
Which of the following factors is not influenced by values? an individuals daily decisions, long term decisions, financial decisions, or everything is influences by values
What is everything is influenced by values
300
Mark and Susan, a recently married couple with full-time jobs, set a goal of putting $200 in savings every month to make a down payment on a home in five years. What type of goal have they set?
What is long term goal
300
Savings tools offered by depository institutions may earn interest. Which of the following statements is NOT TRUE about interest? A. Interest is the price paid for using someone else's money. B. When earning interest, look for low rates. C. When paying interest, look for low rates. D. The amount of interest earned or paid is determined by the interest rate.
What is B. when earning interest look for low rate
300
As Mariah was looking over her sales receipt for the shirt she bought at a retail store, she discovered that she was charged 6% more than the price tag showed for the item. What is this extra 6% charge most likely to be?
What is Sales tax on the shirt she purchased.
400
define well being
What is the state of being comfortable, healthy, or happy
400
Erica wants her class project to reflect her values. Which items would be best to include?
What is Things that reflect her fundamental beliefs about what is worthwhile and important to her.
400
Brett plans to save money toward purchasing a car. His co‐worker is telling him about a Money Market Account he has that offers a tiered interest rate. What is Brett’s co‐worker talking about?
What is The amount of money he earns depends on the balance, i.e. the higher the account balance the higher the interest rate he would earn.
400
A key difference between commercial banks and credit unions is that:
What is Commercial banks are 'for-profit' and credit unions are 'not-for-profit'
400
Which statement is TRUE about Payroll Taxes? A.Payroll taxes are paid are paid on both earned and unearned income. B.Payroll taxes fund different operations and programs of the federal government. C.Payroll taxes fund the Social Security and Medicare programs. D.The amount of tax paid depends on many different factors but increases as income increases.
What is C. Payroll taxes fund the Social Security and Medicare programs.
500
What are some characteristics of a person with high well-being
What is positive, feel gratitude, joy, love what you do, actively engage in activities, healthy relationships, feel achievement.
500
32. Brett is creating a Statement of Financial Position and needs to list his assets. Which of the following should he NOT list as an asset? A. Money in his checking account B. Money in the paycheck he will receive next week C. His hockey equipment D. The market value of his car
What is B. Money in the paycheck he will receive next week
500
When a goal has been set to save $100.00 a month for an emergency fund of $2000.00, giving up food from the vending machine to achieve that goal is the:
What is specific part of the SMART goal
500
Sanjay is concerned about the safety of the money in his savings account. Which type of depository institution should he choose?
What is He could safely choose either a commercial bank or a credit union, as long as his savings account balance meets the insurance requirements.
500
Dane is researching the topic of property taxes for a presentation he is doing in his Personal Finance class. He has come across the following statements he is considering adding to his presentation. Which should he EXCLUDE from his presentation because it is not correct? A. Property taxes are assessed at the same rate for all types of property, including homes, land and building, regardless of location or whether they are used for business or personal use. B. Property taxes are usually charged by state and local governments to pay for local schools and other services and expenses incurred by these governments. C. Property taxes are commonly paid on automobiles. This tax usually paid once per year when the automobile is licensed. D. Property tax on homes, land and buildings are usually only paid once or twice each year.
What is A. Property taxes are assessed at the same rate for all types of property, including homes, land and building, regardless of location or whether they are used for business or personal use.