Consumer Math Final Reveiw

Consumer Math Final Reveiw

Assessment

Flashcard

Mathematics

11th Grade

Practice Problem

Medium

Created by

Kacey Hadden

Used 7+ times

FREE Resource

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32 questions

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1.

FLASHCARD QUESTION

Front

Expenditures that make up the greatest share of Federal spending include:

Back

Social Security, Medicare, and Medicaid

2.

FLASHCARD QUESTION

Front

The difference between being paid a wage versus being paid a salary is

Back

A wage is based on hours worked; a salary is a fixed amount.

3.

FLASHCARD QUESTION

Front

Reasons for receiving a 1099 statement include

Back

Working as an independent contractor, Receiving unemployment benefits, Earning interest or dividends on investments.

4.

FLASHCARD QUESTION

Front

Main purpose of life insurance

Back

To provide money to your family if you pass away.

5.

FLASHCARD QUESTION

Front

Term life insurance provides coverage for

Back

A set number of years.

6.

FLASHCARD QUESTION

Front

Whole life insurance includes:

Back

Investment savings + lifetime coverage

7.

FLASHCARD QUESTION

Front

Who is the beneficiary of a life insurance policy?

Back

The person who receives the money when the insured dies

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