The person who writes a check is called the

• payee

• maker

• depositor

• demander

The due date for filing personal income taxes every year is

• December 31

• April 15

• January 31

• June 30

If Emily is paid $8.90 per hour and gets time and a half for overtime, what is her overtime rate?

• $4.45

• $12.35

• $13.35

• $17.80

Expenses that increase or decrease from month to month are called

• fixed expenses

• unearned expenses

• prepaid expenses

• variable expenses

A form an employer must provide employees each year for income tax purposes is called a

• W-2

• W-3

• W-4

• Form 941

The first step in financial planning is

• to open a checking account

• to prepare a budget

• to get a job

• to save

A “good” score on a credit report is around

• 500

• 400

• 600

• 700

Which of the following is a fixed expense?

• grocery bill

• entertainment

• car loan

• doctor bill

A scam set up to look like an interest-earning investment, where there actually is no investment, and new deposits are cycled to older clients to look like returns is called a(n)

• mutual fund

• opportunity cost

• Ponzi scheme

• no-fault law

The most liquid type of account one can have due to the variety of ways to access cash is a

• checking account

• savings account

• certificate of deposit

• money market account