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Worksheets

PFL

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What does FICO stand for?

a)

Fair Indication Cooler

b)

Fair Isaac Corporation

c)

Fair Iseach Corporation

2.

What is a 401K

a)

A retirement plan

b)

An education plan

c)

A health benefits form

3.

Money received after taxes are called

a)

Gross income

b)

Salary

c)

Net income

4.

A long term savings goal would include

a)

Buying a house

b)

Buying a phone

c)

Buying lunch

5.

When you buy a house, what type of tax do you pay?

a)

Income tax

b)

Sales tax

c)

Property tax

6.

Which type of tax is taken directly out of your paycheck?

a)

Payroll tax

b)

Income tax

c)

Sales tax

7.

What is money that is borrowed that must be repaid, usually with interest?

a)

Loan

b)

Check

c)

Savings account

8.

What is a system that guides how money is earned and used in a society?

a)

Bank

b)

Economy

c)

Financial institution

9.

APR stands for

a)

Actual Percentage Rate

b)

Annual Percentage Rate

c)

Available Percentage Rate

10.

Money paid to the government

a)

Fees

b)

Taxes

c)

Budget