Personal Finance

Personal Finance

Assessment

Flashcard

Social Studies

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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13 questions

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1.

FLASHCARD QUESTION

Front

What does it mean to PYF?

Back

Immediately put 20% of your paycheck in your savings when you get paid

2.

FLASHCARD QUESTION

Front

A(n) _______ is anything you own that has value

Back

Asset

3.

FLASHCARD QUESTION

Front

_________ is what you owe

Back

Liability

4.

FLASHCARD QUESTION

Front

What is the formula for finding your Net Worth?

Back

Asset - Liabilities = Net Worth

5.

FLASHCARD QUESTION

Front

________ are retirement accounts paid into by the individual

Back

IRA

6.

FLASHCARD QUESTION

Front

_________ are retirement accounts set up by employers

Back

401ks

7.

FLASHCARD QUESTION

Front

_________ are retirement accounts that are not taxed until the money is taken out

Back

Roth IRAs

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