Personal Finance Final Review

Front

Which type of bank account typically offers the least (if any) interest? Options: Checking Account, Savings Account, Money Market Account, Certificate of deposit

Back

Checking Account

Front

Why is it important to reconcile your bank statements?

Back

To avoid spending more than what is in your account, To detect any errors in your account, To determine if you were charged any fees

Front

Investing is best for ____.

Back

Long-term financial goals, like paying for retirement

Front

A stock is ____.

Back

A share of ownership in a company

Front

A mutual fund is ____.

Back

A type of investment that invests in a mix of different types of investments

Front

For most careers, which degree will most likely result in the highest lifetime earnings? Options: High school degree, Associate's degree, License or certificate, Bachelor's Degree

Back

Bachelor's Degree

Front

When you start a new job, you fill out a W-4 form to ____.

Back

determine how much federal income tax your employer should withhold from your paychecks.

Front

What does the W-2 form tell you?

Back

How much you've earned and how much taxes you've paid in the last year

Front

What do you need in order to fill out your 1040?

Back

Your W-2

Front

Healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of ____ available from your employer.

Back

Benefits