Financial Literacy

What do you call the ability to know how to handle your money in terms of planning, calculating, budgeting and investing?

• Financial literacy

• Monetary fluency

• Economic intellectualism

• Expenditure comprehension

Which of the following parameters should be true in order for our recent financial literacy activities to work? Select all that apply.

• You are single.

• You have your own business.

• You do not have any dependents.

• You are working for somebody else.

Normally, how frequently do most entry-level (lowest level) jobs pay?

• Every two weeks

• Two times a week

• On the 15th and the 30th (except February)

• Twice in two weeks

Normally, how many pay periods are in a calendar year?

• 26

• 24

• 28

• 22

Tags

CCSS.6.RP.A.3B

According to FICA, how much of your gross pay is given to Medicare?

• 1.45%

• 6.2%

• 3.17%

• 10%

Tags

CCSS.6.RP.A.3C

According to FICA, how much of your gross pay is given to Social Security?

• 1.45%

• 6.2%

• 3.17%

• 10%

Tags

CCSS.6.RP.A.3C

The CNMI local tax is also known as what?

• Chapter 5

• Chapter 2

• Chapter 7

• Chapter 13

The NMTIT is also known as what?

• Chapter 5

• Chapter 2

• Chapter 7

• Chapter 13

What is your monthly net pay?

• Your salary after you pay your taxes AND your non-tax duties.

• Your salary without any deductions.

• Your salary after all the tax responsibilities are deducted.

• Your salary if you are single and childless.

Tags

CCSS.7.RP.A.3

Which of the following, typically, is not paid monthly?

• Car loan payment

• CUC bill

• College tuition

• Phone bill