SSEPF2 and SSEPF3 review

Which of these below has the most net worth?

• A person has assets worth $1,000,000 and has $1,200,000 of liabilities.
• A person has assets worth $35,000 a year and has no liabilities.
• A person has assets worth $120,000 and has $70,000 worth of liabilities.
• There is not enough information to determine the answer.

Which of these below is nearly universally accepted, but can be lost, misplaced, or stolen easily?

• Cash
• Checks
• Debit Cards
• Credit Cards

Which of these below is very efficient, but the number can be stolen through fraud?

• Cash
• Checks
• Debit Cards
• Credit Cards

You have $22.23 Cash. You have two checks, one for $150.42 and one for $262.32. How much money are you putting in the bank?

• $412.74
• $434.74
• $434.97
• None of the above are correct

You have $50.00 cash. You have three checks, $45.67, $145.90, and $345.00. You need $100 cash. How much will you put in the bank?

• $100
• $486.57
• $535.57
• $686.57

What is the ending balance on the statement?

• $18.805.47
• $4,293.20
• $17,414.45
• $5,684.22

Is a way to keep up with how much you spend when writing a check or using a debit card.

• ATM
• Bank
• Checkbook Register
• Commission
• Credit Card

Which income type has starting salaries with potential for increases after performance reviews

• Hourly
• Salary
• Tips
• Dividen
• Independent Contractor

Which income type is “nonexempt” according to the Federal Labor Commission, which means there is potential for overtime pay

• Hourly
• Salary
• Tips
• Dividen
• Independent Contractor

Which income type is often negotiated so any pay raises usually come as a result of a promotion or the employee asking for a raise

• Salary
• Hourly
• Tips
• Dividen
• Independent Contractor