Financial Math Review

Front

Gross pay is...

Back

The amount of pay you receive before taxes

Front

What is a copay?

Back

The amount of money you pay to a healthcare provider before your insurance takes the claim.

Front

True or False: Interest can both cost you money and/or earn you money

Back

True

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.

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.

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.

Front

The purpose of all types of insurance is to...

Back

Provide protection against the unpredictable like car accidents or broken arms.

Front

How much your investment gains or loses over a specific amount of time is...

Back

Rate of Return

Front

The principal on your loan is...

Back

The amount of unpaid money you owe on a loan excluding any interest charges.

Front

True or False: If you someone breaks into your house, you break your leg or you crash your car you will be responsible for paying the deductible before your insurance can cover the rest of the costs.

Back

True