W!SE Test Review (Part 4)

Troy has $50 a month transferred electronically from his checking account to his savings account. This is an example of:

• Savings plan

• Thrift plan

What form do you complete upon being hired

• W-2

• W-4

• 1099

• 1098

Property Tax is tax paid on?

• Goods and Services

• Earned Income

• Building, Land, Vehicles

• Airline Tickets

The form given to you from your employer to help you fill out your taxes?

• 1099

• 1098

• W-2

• W-4

The tax form that for those that make less than $100,000 and claim no deductions.

• 1040

• 1040A

• 1040EZ

• 1030

Employment Eligibility Verification Form required by the Immigration and Naturalization Services (INS) to verify your identity and your eligibility to work; filled out before you begin working

• I10

• I9

• w2

• w4

What are the two types of depository institutions

• Credit Unions and Banks

• Savings and Checking

• Wallets and Purses

• Loans and Credit

Credit scores can range from:

• 100-1000

• 1-10

• 200-900

• 300-850

Amount of money originally borrowed

• Mortgage

• Principal

• Annual percentage rate (APR)

• Finance company

This type of interest "creates a mathematical explosion," and it can make you wealthy over time, or keep you in debt for a long time.

• compound

• sinking

• annual