GFL State Review #7

Front

What type of federal funding is free money, but is based on financial need only?

Back

Federal grants

Front

Which of the following should you consider when setting a budget?
your financial goals, needs and wants, savings, all of the above

Back

all of the above

Front

The fewer exemptions you claim, the more likely it is that you will receive a

Back

tax refund.

Front

Which of the following might not be a useful trait in an entrepreneur? self-starter, ability to anticipate problems, decisiveness, need to feel secure

Back

need to feel secure

Front

What is the purpose of income tax?

Back

To fund public goods and services

Front

The Form W-4 is used to withhold what type of tax?

Back

Federal

Front

Which of these are transferable skills? Tardiness, Cooperation and time management, Dislike of machinery, Grumpy disposition

Back

Cooperation and time management

Front

Carlos wants to move to New York City after graduation to pursue a career in banking. Which of the following decisions makes the most financial sense for Carlos? Rent a sweet Manhattan apartment, because he'll certainly be able to afford it once he gets a job; Rent an apartment solo in Brooklyn, which will take up 70% of his monthly income, but save money on all other aspects of his budget; Even though NYC is a great place to start a career in banking, Carlos should move home with his parents in Boise to save money; Split an apartment with two roommates so he can pursue his career in banking and enjoy the nightlife, culture, and other activities in NYC.

Back

Split an apartment with two roommates so he can pursue his career in banking and enjoy the nightlife, culture, and other activities in NYC.

Front

The amount you pay for an insurance policy.

Back

Premium

Front

How much you pay for insurance depends upon which of the following? the type of policy you select, the amount of coverage or limit you select, the deductible amount, all of these will affect how much you pay for insurance

Back

all of these will affect how much you pay for insurance