Personal Finance

What is it called when you get your pay after taxes have been taken out?

• Gross Pay

• Net Pay

• I am broke.....

• Financial Pay

When your check goes into your account, it is called a ______?

• Deposit

• Option

• Withdrawal

• Will Call

What is the title of a home loan?

• Borrower's Plea

• Debt Reliance

• Mortgage

• Auto Loan

Why is it beneficial to take a loan out for 15 years, rather than 30?

• More interest paid to the bank

• Less headache

• Smaller monthly payment

• Less interest paid to the bank over time

What is NOT considered a utility?

• Power Bill

• Water Bill

• iTunes Cloud Storage

• TV Bill

If you take a loan out through the bank, what pro does the bank have in lending you a huge sum of money?

• They like being risky.

• They get interest money from you.

• They have no pro.

• They lose money.

What is the best estimate in percentage of money taken out of a paycheck for insurances, taxes, etc.?

• 60-65%

• 25-30%

• 5-10%

• 80-85%

Renting a house is more of an investment than buying one.

• True

• False

The best estimate of a monthly electric bill for a 3 bed, 2 bed house is around?

• $1,000

• $250

• $10

• $1,250

What is considered tax season? (The time when you get taxes back from the state and federal govt.)

• January-April

• March-May

• September and October

• December Only