Dollars and Sense Review NHS

Which term refers to the money received, especially on a regular basis, for work or through investments?

• Expenses

• Paycheck

• Income

• Savings

What is the form used to report wages paid to employees and the taxes withheld from them?

• I9

• W2

• W4

• CD's

Which term refers to the amount of money that is taken out of an employee's paycheck for taxes?

• Withholding

• Dependents

• Credit Score

• Bonds

What is the term for the total amount of money required to live, including housing, food, taxes, and other necessities?

• Federal Taxes

• Cost of Living

• Credit Report

• Utilities

Which term refers to the report that details an individual's credit history and current credit status?

• Credit Score

• Credit Report

• Credit History

• Savings

What is the definition of a consumer?

• One that utilizes economic goods

• A person who lends money

• A financial advisor

• A person who manages a business

What is compound interest?

• Interest computed only on the principal

• Earning interest on the principal plus the interest you have already earned

• A fee charged for borrowing money

• A fixed amount paid regularly

Who is a cosigner?

• A person who manages a loan

• Someone who signs a loan for someone who may not have adequate credit history

• A person who borrows money

• A financial advisor

What is a mortgage?

• A type of savings account

• A conveyance of or lien against property that becomes void upon payment or performance according to stipulated terms

• A type of insurance

• A financial plan for retirement

What are occupations/career specialties?

• Financial issues that can affect an individual

• Particular careers or occupations based on advanced knowledge and skills specific to that career or occupation

• A type of loan

• A method of saving money