HIGH SCHOOL FINANCIAL PLANNING MONEY/WAGES FUNDAMENTALS

Front

ATM can be used for: Cash withdrawal, Account inquiry, Statement of account, All of above

Back

All of above

Front

Your bank ............... number is a nine-digit code that's based on the U.S. Bank location where your account was opened. It's the first set of numbers printed on the bottom of your checks, on the left side

Back

Routing

Front

Form ..........is the form that an employee uses to announce to the payroll department the number of withholding allowances to use when calculating federal income taxes to withhold

Back

W4

Front

IRS

Back

A U.S. government agency responsible for the collection of taxes and enforcement of tax laws (such as the wash sale rule).

Front

The ...... form is the form that an employer must send to an employee and the Internal Revenue Service (IRS) at the end of each year. The ..... form is the official Wage and Tax Statement that reports an employee’s annual wages and the amount of taxes withheld from their paycheck.

Back

W-2

Front

Inflation - in the economy means?

Back

Is the increase in the prices of goods and services over time. It reduces the purchasing power of each unit of currency. U.S. ........ has reduced the value of the dollar. Compare the dollar's value today with that in the past. As prices rise, your money buys less.

Front

A financial plan should consider the following elements: Your income and spending, Your savings and debt

Back

Both of the above

Front

Credit reports may affect your mortgage rates, credit card approvals, apartment requests, or even your job application. Reviewing credit reports helps you catch signs of identity theft early. Get a free copy of your credit report every 12 months from.........credit reporting company. Ensure that the information on all of your credit reports is correct and up to date. Options: TransUnion, Equifax, Experian, All of the above

Back

All of the above

Front

Which of the following will not affect your credit score? Going through bankruptcy, Graduating from college, Having a mortgage loan, Paying all your bills on time

Back

Graduating from college

Front

Which of the following is likely to trigger the imposition of a tax? Making a retail purchase, The ownership of certain assets, Earning income from a job, All of the above

Back

All of the above