Personal Finance 4.00 Receiving

Front

What type of income are Steven's parents providing by allowing him to take his bedroom furniture and bedding?

Back

In-kind income

Front

How might Diana and her family locate an appropriate assistance program during her time off work following an accident?

Back

Go to www.govbenefits.gov on the web.

Front

Julie is a single mother who recently lost her job and wants to train in the medical field to support her children. Which government program might offer her assistance for living expenses and job training? Options: Earned income tax credit, Unemployment insurance, TANF, Medicare.

Back

TANF

Front

Which federal program offers a financial incentive to file a tax return for those earning just above minimum wage?

Back

Earned income tax credit

Front

Which federal program assists low-income families in purchasing nutritious foods? Options: SNAP, TANF, Social Security, Medicare

Back

SNAP

Front

Which statement is true of government assistance programs?

Back

The ultimate goal of government programs is to help individuals become self-sufficient and independent.

Front

Which organization would qualify as a nonprofit for Erica's community service? Options: An extracurricular activity in her school, The local private daycare center, Big Brothers/Big Sisters, Her elderly neighbor who needs yard work done.

Back

Big Brothers/Big Sisters

Front

Due to unexpected circumstances, Ariel is temporarily receiving income from a government assistance program. The funds she receives through the government program are most likely funded by:

• small fees proportional to the income of clients.
• taxes at the local, state, and federal levels.
• donations from large corporations.
• fees that are charged to some, but not all, clients using the programs.

Back

taxes at the local, state, and federal levels.

Front

In which situation would the individual most likely be receiving Medicare funds? Options: Jim is a 37-year-old man who lost his job and is unable to afford health insurance for himself or his children. Ivan is 60 years old and was injured at work. His employer needs to provide temporary income for him. Rachel is a seventeen-year-old high school student who is pregnant and needs assistance with her medical expenses. Rosie is 67 years old and in need of a health insurance program.

Back

Rosie is 67 years old and in need of a health insurance program.

Front

Alyssa’s childcare provider called to tell her that the provider’s young daughter woke up ill and she won’t be able to care for Alyssa’s son today. Alyssa’s friend, who is a stay‐at‐home mother, agrees to care for Alyssa’s son today so Alyssa can go to work. Alyssa has utilized:

• family child care
• social capital
• a non-profit organization
• neighborhood watch

Back

social capital