Koen N Personal Finance Review on Income and Education

How much of your income should you be reserving for emergency funds?

• 20

• 100

• 60

• 75

True/False

Student loans plans are often affordable for '5 year plan'

• True

• False

Gross Income is?

• How much money you make before taxes

• How much money you make after taxes

• How much money you spend on delicious food :)

• Gross.

Education is important, but is also expensive. Which one of these names gives you financial aid?

• NASA

• FAFSA

• FDA

• PETA

Net Income is?

• How much money you make after taxes

• How much money you make before taxes

• How much money you catch with a net

• Net Income. (CIRCULAR REASONING)

True/False

You don't have to report taxes on side gigs if you exceed $2000

• True

• False

What is the usual number of years to complete Bachelor's Degree (HINT, Look at EPF PROJECT)

• 1

• 2

• 3

• 4

What is the factor that usually increases cost of education?

• Meal Plan

• Parking

• Housing

• Credit Hours

Income can determine your tax returns

True/False

• True

• False

If you are a surgeon, MOST LIKELY, most of your income will be spent on...

• Student Loans

• Food

• Credit Cards

• Insurance