Deca 10-18

Front

Mandatory deductions from a person’s paycheck include

Back

federal withholding tax and FICA.

Front

When should a person begin contributing to a retirement plan?

Back

As young as possible.

Front

Which of the following is the source of income for most people aged 20-35? A. Dividends. B. Wages/salary. C. Rent. D. Mortgage payments.

Back

Wages/salary.

Front

The U.S. government agency responsible for the collection and enforcement of federal taxes is known as

Back

U.S. Internal Revenue Service (IRS).

Front

When a person has a balanced budget that includes savings then

Back

total expenses + savings = total income.

Front

Why do financial advisors recommend that a person save at least 10% of each paycheck?

Back

To build wealth.

Front

The “time value of money” means that money received today is worth more than the same amount of money received in the future.

Back

money received today is worth more than the same amount of money received in the future.

Front

When a person receives a book store gift card, she can use it to

Back

buy a book from that store.

Front

A person who dies will have his assets distributed as he wanted as long as he has 

Back

a will.