Ramsey Classroom Final Review Chapters 9 to 13

Insurance helps you transfer the ________ from your bank account to the insurance company.

• Health

• Insurance

• Money

• Risk

Life Insurance guarantees your loved ones get a certain amount of money when you _______.

• Move out of the house

• Get Injured

• Turn 18

• Pass away

This type of home insurance covers the structure of your home.

• Dwelling insurance

• Personal property coverage

• Homeowners insurance

• Liability coverage

_________will provide money to replace lost income for years-even up to retirement.

• Long-term disablility

• Identity theft protection

• Necessary insurance

• Short-term disability

Comprehensive coverage pays for loss or damage to your car caused by______.

• Personal injuries

• A collision

• Accidents that happen on the road

• Anything other than a collision

The amount of money the insurance company agrees to pay for an incident is called_______.

• Co-pay

• Deductible

• Claim

• Coverage

Medicare and Medicaid are examples of...

• Health Savings Accounts

• Private health insurance companies

• Government programs for public health insurance

• Emergency Medical Systems

Withholdings and deductions are...

• Examples of deficit spending

• Expenses that are taken out of your paycheck

• Categories of a good budget

• Money that the government gives back to you

The tax on the purchase of goods and services is called_______.

• Goods and services tax

• Income tax

• Purchase tax

• Consumption tax

What does the Form W-4 estimate?

• How many tax returns you need to submit

• How much money you'll spend in that fiscal year

• How much tax you'll owe based on your personal situation

• How much income you should be making