
Personal Finance
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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22 questions
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1.
FLASHCARD QUESTION
Front
Which of the following best describes a progressive tax system? A tax system where everyone pays the same percentage of their income, regardless of how much they earn. A tax system where individuals with lower incomes pay higher tax rates than those with higher incomes. A tax system where there is no tax on income. A tax system where the tax rate increases as a person's income increases.
Back
A tax system where the tax rate increases as a person's income increases.
2.
FLASHCARD QUESTION
Front
Which of the following best describes a property tax? A tax on the income you earn from working. A tax on the sale of goods and services. A tax based on the value of persons real estate or personal property. A tax on the amount of money a person spends during the year.
Back
A tax based on the value of persons real estate or personal property.
3.
FLASHCARD QUESTION
Front
True or False. An increase in education can lead to an increase in earnings.
Back
True
4.
FLASHCARD QUESTION
Front
Which of the following investments would have the lowest risk? Corporate stocks, Certificate of Deposit, Mutual Fund, Gold and Silver
Back
Certificate of Deposit
5.
FLASHCARD QUESTION
Front
What benefits do credit unions offer?
Back
Lower interest rates
6.
FLASHCARD QUESTION
Front
What type of lender requires no credit check and has high interest rates and fees?
Back
Pay day lender
7.
FLASHCARD QUESTION
Front
What type of lender uses the borrowers vehicle as collateral?
Back
Title pawn lender
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