Personal Finance Review

What is a budget?

• a group that helps the community

• a safe place where people keep money

• a center where you can donate things

• a plan for spending and saving money

What are stocks?

• sharing something

• An ownership share in a company

• A graph with pointy arrows that are red and green

What is this?

• Credit history

• Credit card

• Credit score

• None of the above

Earnings paid to an employee based on an hourly rate. 

• Commission
• Wages
• Salary
• Deductions

Total money you earn before taxes and other deductions.

• Salary
• Net income
• Gross income
• Wages

Amounts of money taken from income before you are paid.

• Commission
• Retainer
• Deductions
• Rate

Your gross pay is $525.50. Your net pay is $446.75. How much money was deducted from your pay check?

• $ 972.25

• $ 70.00

• $ 78.75

What is net pay?

• The total earnings on your paycheck

• Three taxes that everyone must pay

• How much a person is worth in total

• The amount of your paycheck after taxes are taken out

My friend offered the bank his house as .... when he needed a loan.

• collateral

• debt

• term

• tenure

The amount of money that the lender lends to the borrower is called ....

• principal

• tenure

• default

• collateral