Financial Math Review

Flashcard
•
Other
•
12th Grade
•
Hard
Wayground Content
FREE Resource
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39 questions
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1.
FLASHCARD QUESTION
Front
Gross pay is...
Back
The amount of pay you receive before taxes
2.
FLASHCARD QUESTION
Front
What is a copay?
Back
The amount of money you pay to a healthcare provider before your insurance takes the claim.
3.
FLASHCARD QUESTION
Front
True or False: Interest can both cost you money and/or earn you money
Back
True
4.
FLASHCARD QUESTION
Front
Your credit score is important because...
Back
It is the number assigned to an individual that calculates your ability to use and pay back credit.
5.
FLASHCARD QUESTION
Front
Taxes are important because...
Back
Contributions made to state and federal government pay for things like public services and infrastructure, It provides Medicare or medical services to Americans after they retire, By participating in Social Security, we receive benefits that help support us after we retire.
6.
FLASHCARD QUESTION
Front
A 401(k) is...
Back
An employer-sponsored savings and investment plan that allows you to contribute some of your earnings to keep for retirement. Contributions are tax-deferred and your employer might choose to match contributions as a benefit of employment.
7.
FLASHCARD QUESTION
Front
The purpose of all types of insurance is to...
Back
Provide protection against the unpredictable like car accidents or broken arms.
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