NEW
Font size
WorksheetsWise Review 2
Total questions: 36
Worksheet time: 2hrs 16mins
What are three ways you have benefited from taxes today?
Zoo's, Arena's, and Walmart
Highway Signs, Highways, and bike reflectors
Police Officers, Teachers, and the Internet
Schools, Libraries, and Clean Communities
What form do you complete upon being hired
W-2
W-4
1099
1098
FICA is also referred to as?
Medicare
Medicaid
Social Security
Federal Information Contribution Agency
Excise tax is often?
On Food
Hidden in the price of an item
A % of the total price bought
Higher than all the other taxes
Property Tax is tax paid on?
Goods and Services
Earned Income
Building, Land, Vehicles
Airline Tickets
The form given to you from your employer to help you fill out your taxes?
1099
1098
W-2
W-4
The tax form that for those that make less than $100,000 and claim no deductions.
1040
1040A
1040EZ
1030
Your W-4 can only be changed once.
True
False
Your W-2 helps you to fill out your tax form and file your taxes?
True
False
Employment Eligibility Verification Form required by the Immigration and Naturalization Services (INS) to verify your identity and your eligibility to work; filled out before you begin working
I10
I9
w2
w4
Your credit score affects:
What credit unions you can join
The loans you can get and your interest rate
The amount of money that your bank will insure
What universities will accept you
Credit scores can range from:
100-1000
1-10
200-900
300-850
Which one is NOT one of the three credit reporting agencies?
TransAmerica
Experian
Equifax
TransUnion
A person with a good credit score probably:
gets new credit cards a lot
does not get a lot of new credit cards
A person with a good credit score probably:
has a long credit history
has a short credit history
A person with a good credit score probably:
owes a lot of money.
does not owe a lot of money.
A person with a good credit score probably:
. . . has a history of paying all bills.
. . . has a history of not paying bills.
Which TWO components are the most important in determining your credit score?
New credit and types of credit
Length of credit history and new credit
Payment history and amount owed
New credit and length of credit history
This type of interest "creates a mathematical explosion," and it can make you wealthy over time, or keep you in debt for a long time.
compound
sinking
annual
Amount of money originally borrowed
Mortgage
Principal
Annual percentage rate (APR)
Finance company
401(k), IRA, and Roth IRA are all examples of a __________ account.
Retirement
College Savings
Low Interest
Stock
Because mutual funds spread your investment around in multiple stocks and bonds, they are a great example of this term
diversification
overdraft
debt
beneficiary
If a person makes a deposit of $10,000 or more into a bank account, the bank must notify the
US Treasury Department.
Federal Deposit Insurance Corporation. (FDIC)
State Banking Commission.
Federal Reserve Board
Which financial product can you buy for $25, is safe, and will be worth $50 at a future date?
Series EE savings bond
Certificate of deposit
50 shares of ABC Co. stock
ABC Co. bond
The basic concept of credit is:
Savings
Pay now, buy later
Something only people without high paying jobs need
Buy now, pay later
A loan which is based on a persons credit worthiness?
Unsecured
Secured
Revolving
Installment
Example of a secured loan
car loan
loan based on credit worthiness
Example of unsecured loan
house mortgage
credit card
Maximum amount of credit available to use is known as
line of credit
credit limit
