ECON Unit 3: Personal Finance Review Guide (Quizziz)

What term defines this definition: money received, especially on a regular basis, usually for work.

• W4

• Deductible

• Income

• HMO

What term defines this definition: money owed back from the government or who it was borrowed from

• Income

• Refund

• Investment

• Deductible

What term defines this definition: federal program of guaranteed retirement benefits given once a person reaches a certain age

• Medicare

• Entitlement

• Social Security

• PPO

What term defines this definition: A federal program of health insurance for persons 65 years of age and older

• W4

• Medicare

• 401(k)

• Social Security

What term best defines this definition: Amount you must pay before you begin receiving any benefits from your insurance company

• W4

• Stocks

• Property Insurance

• Deductible

What term best defines this definition: retirement account offered through an employer, where an employee can contribute money from their paycheck before or after taxes

• 401(k)

• HMO

• 403(b)

• HSA

What term best defines this definition: account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses.

• Personal Savings Account

• Insurance

• Health Savings Account

• Personal Loan

What term best defines this definition: Retirement plan found in nonprofit organizations, such as churches, hospitals, and schools with less flexibility but certain tax advantages

• 401(k)

• Debt

• 403(b)

• PPO

What term best defines this definition: Employer-based healthcare with low costs but require primary care physicians "in-network"

• W4

• HMO

• Income

• PPO

What term best defines this definition: Employer-based healthcare with higher costs but flexibility in choice of physicians.

• PPO

• Income

• HMO

• Full Coverage