Junior Achievement Final

Your skills include

• The things you do well

• The ability you need to do something

• Your mental competence

• all of the above

What are the three main types of taxes?

Income, Sales, and...

(a)  

The majority of people should start planning their career...

• Only after high school

• throughout their lifetime

• while in college

• only once in their lifetime

The total amount of profits made during a one-year period AFTER deductions (taxes) have been made is

• Gross annual income

• Net annual income

• Gross monthly income

• Net monthly income

The total amount of earnings made in a month AFTER deductions (taxes) have been made is

• Gross annual income

• Net annual income

• Gross monthly income

• Net monthly income

When it comes to personal savings and setting aside money for your future, what does the acronym PYF stand for?

(a)  

An investor who wants their savings to be insured by the FDIC (Federal Deposit Insurance Corporation) wants to use this savings option:*

• Stocks

• Bonds

• Mutual Funds

• Savings Account

An example of a financial institution is

• A department store

• a school

• A bank

• an ATM machine

You will enter into (a)   if you spend more money than you have.

If a person has a credit line of $1,000, how much can the person charge?

• not less than $1,000 per month on the credit card

• up to $1,000 on the credit card

• $1,000 at every place that accepts the credit card

• $1,000 without having to pay interest on credit card balances