Financial Literacy FINAL Test Review

Financial Literacy FINAL Test Review

Assessment

Flashcard

Business

10th Grade

Hard

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40 questions

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1.

FLASHCARD QUESTION

Front

Monthly rent payments are an example of a(n) _____ expense.

Back

fixed

2.

FLASHCARD QUESTION

Front

Obligations to be paid over a long period of time are _____.

Back

long-term liabilities

3.

FLASHCARD QUESTION

Front

Eligible workers who work more than _____ hours per week must receive overtime pay at least _____ times their regular hourly rate.

Back

40, 1.5

4.

FLASHCARD QUESTION

Front

The Employee's Withholding Certificate is a federal tax form that is also called the _____?

Back

Form W-4

5.

FLASHCARD QUESTION

Front

A(n) _____ is a report containing information used to calculate taxes owed by the taxpayer.

Back

tax return

6.

FLASHCARD QUESTION

Front

What is it called when the federal government spends more money than it collects?

Back

deficit spending

7.

FLASHCARD QUESTION

Front

Which federal program pays for certain health-care expenses for older citizens and others with disabilities?

Back

Medicare

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