SGO Review - Terms

Salary is an hourly or daily rate?

• True

• False

Net pay is your total pay _________ deductions.

• before

• without

• after

• times

A signature on the back of your check is call a ____________.

• blank endorsement

• full endorsement

• restrictive endorsement

• partial endorsement

Another word for finance charge is ___________.

• penalty fee

• interest

• late fee

• deduction

Credit is a form of __________.

• debt

• expense

• interest

• savings

A premium is a ___________.

• insurance payment

• credit card

• finance charge

• loan payment

A beneficiary is a _______________.

• Part owner of a stock

• Broker

• Person who receives life insurance benefits

• Person who does other people's taxes

A dependent is ______________.

• a person who invests other people's money

• a landlord who owns a lot of property

• an owner of stock

• a person who relies on someone else

Dividends are _________________.

• periodic payments made to shareholders

• an increase in the value of stock

• ownership in a corporation

• interest on a loan

According to the 50/20/30 rule, how much of a person's income should be saved?

• 20%

• 12%

• 5%

• 15%