Foundations in Personal Finance Unit 4

The quality or state of being responsible, liable or answerable is

• Investment

• taxes

• Accountability

• Social Security

True/False Taxes are an option contribution to local, state and federal governments.

A federal insurance program funded by taxpayer dollars that provides benefits to people who are retired, unemployed or disabled.

• Earned Income

• Income Taxes

• Property Taxes

• Social Security

What are 3 important things to do when interviewing for a job?

Taxes paid by anyone who owns a property such as land, a home or commercial real estate.

• Social Security

• Property Taxes

• Income Tax

• Gross Pay

What is the difference between gross pay and net pay?

Sales tax and excise tax are both taxes on

• Consumption

• Wealth

• Property

• Income

Would you do something you did not like in order to make a higher income? Why or why not?

The quality or state of being responsible, liable or answerable.

• Free spirit

• Time poverty

• Communication

• Accountability

How does having a budget reduce conflict in relationships?