Personal Finance Review

Front

Which of the following is an act of identity theft?
Receiving permission to use a parent’s credit card for school clothes,
Wrongfully acquiring and using someone’s personal identification,
Taking the identity of another individual as inspiration for a costume,
Having the same name as another person

Back

Wrongfully acquiring and using someone’s personal identification

Front

Matt wants to guard his personal information. Which information is LEAST LIKELY to be used by scammers?

Back

Phone numbers

Front

Which of the following actions will not make an individual vulnerable to identity theft?
Using a computer without updated spyware
Responding to an email from your depository institution
Paying cash for a movie ticket
Throwing mail with personal information on it in the garbage

Back

Paying cash for a movie ticket

Front

Which is a general rule to minimize identity theft when dealing with credit reports?

Back

Check each credit report at least once per year.

Front

Money you receive after taxes is called:

Back

net income

Front

Money you receive before taxes is called:

Back

gross income

Front

Expenses that change from month to month are called: fixed expenses (bills, loans, etc), variable expenses (emergency costs, vacations, car repairs, etc), stable pricing, irrational pricing

Back

variable expenses (emergency costs, vacations, car repairs, etc)

Front

Long term savings goals would include... vacation, new phone, buying a house, car

Back

buying a house

Front

When you own a house, what type of tax do you pay on it?

Back

property tax

Front

Which type of tax is taken directly out of your paycheck?

Back

payroll tax