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WorksheetsSemester 2 Week 1-3 Review for Test Thx
Total questions: 105
Worksheet time: 1hrs 27mins
Hunter has 57 cents in her pocket. Which coin amount equals the amount she has in her pocket?
4 dimes and 7 pennies
5 dimes, 1 nickel, and 4 pennies
5 dimes and 1 nickel
4 dimes, 2 nickels, and 7 pennies
Quynton went to the donut shop and bought a Tuti Fruiti donut. If he paid with a five-dollar bill, how much change will he get back?
$3.61
$3.51
$6.49
$4.49
What is the best way to count change back? A notebook costs $.41, the customer gives you $1.00.
1 P =42 cents, 1 P = 43 cents, 1 P = 44 cents, 1P =45 cents, 1 N = 50 cents, 1 Q = 75 cents, 1 Q= $1.00
Here's your 4 pennies and two quarters.
A bookmark cost $.26 and a customer gave you $1.00
1 P, 1 P, 1P, 1P, 1 D, 1D, 1 D, 1 D, 1 N, 1 Q
1 P, 1 P, 1P, 1 P, 1D, 1D, 1Q, 1Q
When should you arrive for an interview?
2 hours early
15 minutes early
10 minutes late
The second the interview is set to begin
What should you wear to an interview?
collared shirt
pajamas
bathrobe
Star Wars t-shirt
Which bottoms must be worn to an interview?
For an interview, you should attempt to control every conversation, make sure you are talking 75% of the time.
True
False
Which of the following might help you succeed at a job interview?
Using slang
Preparing questions about the company
Exaggerating your abilities
Laughing at every word the interviewer says
Who should you be nice to at an interview?
the receptionist
the manager
the cashier
everyone
You do not have to pay PMI(private mortgage insurance) when you have at least this much equity in your home? Or you may have to make a down payment of this much.
10%
15%
20%
30%
This is required for you to put an offer on a home with a real estate company
inspection
preapproval letter
PMI
escrow
Mark the following items that everyone is required to pay on a mortgage loan: pick 3
Taxes
Insurance
Principal Payment
Rent
Vacation Pay
Which scenario would be a good idea to refinance a loan
interest rates are currently high
interest rates are currently low
you need extra money for repairs to home
you want to lower the total amount of payment or interest paid
You like the new bank that just opened in town
Which of the following Debt to Income ratios would be able to get a loan approved
55
40
10
25
30
which loan will you more than likely pay less interest on for the duration of a loan?
Adjustable Rate
3% fixed rate 15 year
3% fixed rate 30 year
Jumbo 15 year loan
What is the consequence of having a poor credit score?
None of these answers are correct
May pay a higher APR
May pay a lower APR
Go to jail
Which of the following is true of a payday loan?
it is difficult to obtain
interest and fees can be substantial
it is a long-term loan
none of these are true
A(n) ___________ is a fee charged for violating a term of a credit agreement.
penalty
fee
rebate
installment
____________ credit can be obtained quickly and easily but often carries high or hidden costs.
easy access
revolving
installment
If Sammy’s expenses are greater than his income, what is the best things he must do to balance his budget?
Earn more money
Spend less money on expenses
Earn more money AND spend less
None of the above
Which of the following is TRUE about a credit report?
It is a complete history of one type of credit you have
Credit reports are maintained by the 5 main credit bureaus
You can get a copy of your credit report for free
You can get a credit report only when you're 21 years old
Your credit score is not configured off of which of the following:
Payment history
Amount of money owed
Grades in School
Length of credit history
What type of credit score is this 470?
Average
Great
Poor
Excellent
To build a positive credit history, I should pay cash for all purchases.
True
False
a number assigned to a person that indicates to lenders their capacity to repay a loan.
Credit score
Credit report
Credit history
Credit bureau
A fee a bank, credit card, or lender charges to purchase something & pay for it over time
Dividend
Interest
Credit
Finance Rate
When you buy things with cash, you will always pay more for the things you buy.
True
False
On average, over 70% of college students graduate with student loan debt.
True
False
What is the first step to get out of debt?
sell something to get the money
get a part time job and work extra
Save money to pay it back
Quit borrowing more money
How can you go to college and not get a student loan?
Scholarships
Grants
Scholarships and Grants and go to a Work Study Program
Get good grades
What is the debt snowball method?
You pay largest Debt to smallest Debt
You pay smallest Debt to largest Debt
You pay average debt to larger debt
Pay average debt to smaller debt
Which of the following is true about using a credit card?
It's the same as using cash.
When you use a credit card, one tends to spend less
When you use a credit card, one tends to spend more
Studies show it registers as pain
Payday lending and cash advance services are
A thing of the past that no one uses today
Highly effective at cutting down debt
Huge Ripoffs
the best way to build a credit score
Who is the number one target of credit card companies?
People without a high school diploma
Teenagers
The elderly
Middle Aged Adults
This tax form will be mailed to you by January 31st and is required to file your 1040 return.
Form W-4
Form W-2
Form I-9
Form 1040-SR
Taxpayers might write exempt on their Form W-4 if/when...
They will be earning less than than the minimum threshold required to pay income tax.
They want to evade paying their income tax.
They're age 17, a student, and working part-time.
They want to earn a refund when they file their return.
An employee's gross pay reflects what s/he has earned before deductions.
True
False
Which of the following is NOT a method to file your return?
Through a tax professional
Using tax software
Through your employer's Human Resources (HR) department
Mailing a hardcopy of your return to the IRS
Not only are taxpayers required to file their return by this date, but also they must pay their remaining income tax if they underpaid last year.
April 22
April 17
April 15
April 20
Tax withholding...
(Pick 3)
Helps taxpayers pay the majority of their income tax as they earn their income.
Results in less net pay for taxpayers.
Helps the government fund public goods and services continually.
Always results in a refund for all taxpayers.
What is phishing?
Catching Fish using a net
scams through emails
Catching fish using a pole
Catching Fish using a spear
To prevent identity theft use one of these on credit card, bank and cell phone accounts.
Combination lock
Password of at least 12-14 letters, caps, symbols and #'s
A piece of tape to cover up the number
A fake name
What is the main goal of Internet scammers?
Fame
Mischief
Getting to Your Money
Touchdowns
Which of the following should you NOT do in response to an email scam?
Tell your parents
Open or Reply to the email
Report the email as spam
Delete the email
Is the following statement a growth mindset, or a fixed mindset?
There's no way I'll win, so I shouldn't even try.
Fixed Mindset
Growth Mindset
Is the following statement a growth mindset, or a fixed mindset?
If I keep trying and making mistakes, I will get better at reading.
Fixed Mindset
Growth Mindset
Click all of the correct answers.
Pick 3
When you learn something new, it might take ....
hard work
time
effort
super powers
Variable expenses may not be the same every month.
True
False
This occurs when money is withdrawn from a bank account and the available balance goes below zero.
overdraft
reconcile
balanced
budgeting
An expense that only occurs because you are choosing to spend money like eating out or buying clothes is a(n) ___________ expense.
fixed
discretionary
variable
intermittent
What is potentially one bad thing that could happen to your credit history and credit score if you do not live within your means?
You could have to move back home with your parents
You could increase your credit score
Nothing. Its a trick question.
Collection agencies can come after you and possibly even facing court charges
Utilities are often included in the monthly payment for which of the following?
A rental apartment
A car
A mortgage for a house
What is the standard down payment for purchasing a house?
3%
5%
20%
100%
True or false: You pay property taxes on a rental aparment
True
False
Why do people get insurance for their homes and apartments?
Because having property insurance is a law.
Because insurance is free.
To protect their property from unexpected damage or loss.
Which of the following describes a security deposit for a rental apartment?
Protects the landlord in case the apartment is damaged.
A security deposit counts as rent and you never get it back.
Keeps your apartment from getting robbed.
When our income is less than our expected expenditure
Budget surplus
Discretionary
Budget deficit
Net cash
The rental contract ends if the landlord dies.
True
False
The landlord can remove you from the house if they want to live there themselves.
True
False
agreement or contract between a renter and landlord
request
notice
lease
document
violate the terms of a lease, or break the rules or an agreement
security deposit
breach of contract
rate increase
handicap accessible
What among the following is NOT a reason behind the rising injury rate among young workers?
Inexperience and lack of safety training
Lack of biological and physical fitness
Laziness and unwillingness to work
Hazards typical to workplace including unsafe equipment and slippery floors
What are the responsibilities of young workers at work?
To follow the rules and regulations of the workplace
To use safety measures such as protective clothing and equipment when required
All of these
To have knowledge of how to react during an emergency and report to the supervisor in case of emergency
What is the Most common reason why workplace accidents occur
unsafe environments
human error
inexperience
poor training
Work involving high exertion, work involving static or awkward working positions, tasks involving short cycle times, poorly organised work stations are all likely to result in..
Increased productivity
Workplace injury
Staff unrest
Employees trying harder
Which of the following should you ALWAYS do when lifting?
(Pick 2)
Lift with your legs
Twist when lifting
Try to lift unilaterally (with only one side of the body)
Ensure that your back is straight
Which of the following shows a poor work ethic?
arriving to work on time
being a reliable employee
volunteering for other duties
none of these
Generally in the USA, How many days notice must a landlord give tenants before they enter an apartment?
1
2
3
4
5
Which of the following is NOT a legal duty of a landlord?
Maintain The Premisis
Preserve Quiet Enjoyment
Clean the Tenants Quarters
Avoid Discrimination
Collect The Rent
Which fee covers wear and tear on an apartment?
First Month's Rent
Application Fee
Security Deposit
Last Month's Rent
Which factor will most likely affect your apartment application?
Your Age
Your Interview
Your Income
Your proximity to your Job
Your Credit Score
An oven built into a wall becomes a fixture that cannot be removed at the time of sale.
True
False
How often must you pay and submit info in order to register your car?
Every month
Twice a year
Once a year
Every two years
Every 5 years
Taxpayers might write exempt on their Form W-4 if/when...
(Pick 2)
They will be earning less than than the minimum threshold required to pay income tax.
They want to evade paying their income tax.
They're age 17, a student, and working part-time.
They want to earn a refund when they file their return.
Which of the following is NOT a method to file your return?
Through a tax professional
Using tax software
Through your employer's Human Resources (HR) department
Mailing a hardcopy of your return to the IRS
Not only are taxpayers required to file their return by this date, but also they must pay their remaining income tax if they underpaid last year.
April 22
April 17
April 15
April 20
True/False: A refund refers to the amount of money the IRS (government) owes taxpayers because too much income tax was withheld from heir paycheck throughout the year.
True
False
Saving for emergencies, shortfall, Injury etc.
transactionary saving
precautionary saving
speculative saving
Buying stocks and shares in companies:
transactionary saving
precautionary saving
speculative saving
On average most people will pay ________ of their gross income toward taxes.
11%
21%
31%
41%
