Consumer Math Pre Assessment

Mortgage loan with a rate that changes over the course of the loan

• Adjustable rate mortgage
• balloon mortgage
• fixed rate mortgage
• reverse mortgage

A _______________ loan is money you borrow to buy a house.

• auto
• mortgage
• rainy day
• lease

It is important to compare the ____________ of different options when purchasing expensive items.

• total costs
• beginning costs
• colors
• interest rates

With-holdings from paychecks that go to provide income support for people who are unemployed, disabled, or over age 65

• 401k
• Social Security
• Medicare
• Medicaid

A tax on real estate or personal property

• Sales Tax
• Property Tax
• Income  Tax
• Payroll Tax

_____________ are charged more for auto insurance, because they get into more accidents.

• Children
• Females
• Males
• Grandparents

Amounts owed are also called ______________.

• liabilities
• assets
• foreclosure
• collateral

The name for a renter is:

• landlord
• rentee
• tenant
• lease 

When you own a house, you need to pay _________ to the town or city you live in every year.

• real estate taxes
• car tax
• grocery tax
• town taxes

The total amount of earnings before any deductions are taken out

• Gross Pay
• Net Pay
• After-tax Income
• Yucky Pay