Personal Finance Quiz #2

Which of the following types of retirement accounts gives you a monthly payment for the rest of your life?

• 401(k)

• 403(b)

• Pension

• Roth IRA

Capital gains taxes are...

• Taxes on property

• Taxes on investment income

• Taxes on yearly income

• Taxes on corporations

When you take out a mortgage, you can lower your monthly payments by...

• Taking out a bigger mortgage

• Refinancing to get a higher interest rate

• Making a lower down payment

• Making a higher down payment

Which of the following types of homes requires you to pay rent on the land underneath it?

• Mobile Homes

• Condo

• Single Family Home

• Townhouse

If you want to lower the amount you pay in taxes, you can do all of the following EXCEPT...

• Make use of tax deductions

• Pay your taxes extra early

• Make use of tax credits

• Make less money

Which of the following is NOT usually part of a job application?

• Cover Letter

• Resume

• Personality Quiz

• References

All of the following are well-regarded job search websites EXCEPT...

• Indeed

• Zip Job Finder

• LinkedIn

• Monster

When you refinance a home, you...

• Pay back everything you owe to the bank

• Give up your house because you can't afford it anymore

• Change the value of the home

• Renegotiate your mortgage to lower your interest rate

All of the following are costs associated with renting an apartment EXCEPT

• Mortgage

• Renter's Insurance

• Security Deposit

• Utility bills

Which is the least beneficial type of financial aid?

• Scholarships

• Subsidized federal loans

• Private loans

• Grants