Consumer Math Final Reveiw

Front

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

Back

Social Security, Medicare, and Medicaid

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.

Front

Reasons for receiving a 1099 statement include

Back

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

Front

Main purpose of life insurance

Back

To provide money to your family if you pass away.

Front

Term life insurance provides coverage for

Back

A set number of years.

Front

Whole life insurance includes:

Back

Investment savings + lifetime coverage

Front

Who is the beneficiary of a life insurance policy?

Back

The person who receives the money when the insured dies

Front

When is it a good idea to consider life insurance?

Back

When others depend on your income

Front

What does health insurance typically help pay for?

Back

Medical bills and doctor visits

Front

A premium in health insurance is:

Back

The monthly amount you pay for your insurance