Personal Finance Concepts and Principles

What is the 3rd Foundation?

• $500 Emergency Fund

• Pay Cash for Car

• Pay Cash for College

• Get out of Debt

• Build Wealth and Give

this type of expense stays the same each month

• fixed income

• variable expense

• discretionary expense

• fixed expense

A scam in which an email is sent from someone posing as your bank or other legitimate business asking for personal information.

• Social Engineering
• Skimming
• Phishing
• Pharming

Izzy is buying a computer that costs $1459.00.  The sales tax rate for the computer is 9%.  How much TAX will Izzy pay?

• $131.30
• $1,313.10
• $131.00
• $131.31

An intentional effort to deceive another individual for personal gain

• Mean people
• Fake
• Fraud
• Crime

Mr. Guster earns $52,350 in annual gross income. He will pay 8% in income tax this year. What is the amount of income tax that Mr. Guster will pay?

• $4,188

• $41,880

• $418.80

• $41.88

Personal finance is ____% behavior and ____% knowledge.

• 50, 50

• 80, 20

a fixed expense is one that changes every month

• true

• false

At your age, a fully funded emergency fund should be:

• $500

• $5,000

• $100

• $1,100

You are purchasing a T.V for $990 T.V with 9% sales tax. What is the final price of the T.V.?

• $ 1881.00
• $ 1079.00
• $ 1,079.10
• $ 1,709.1