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WorksheetsUnit 6 Quest
Total questions: 10
Worksheet time: 3hrs 30mins
As a person gains more wealth, it's important to have a second opinion about how to manage it. What is the best description of what a financial advisor does?
An accountant who keeps track of the taxes every year
Provide clients with financial advice and guidance
An advisor invests the money into bitcoin and stocks
They tell you how to spend the money
It is smart to use cost comparison when buying a home or a car. Why is it a good idea?
To make sure you are paying a fair price for the purchase
To help the seller know if they are gaining enough money on the sale
So you don't pay taxes
To look at different cars or homes to be sure you like the one you're buying
As soon as you get your first job, you should work towards building good credit. Good credit helps when it comes to purchasing cars, homes, and other items. What does it mean when someone is credit worthy?
Banks will loan you money because you look fancy
Banks will loan you money as long as it's paid off in a year
Banks will loan you money because you have good credit history
Banks will not loan you money directly, but outside loan companies will
What is the federal health insurance program for individuals over 65, and/or those who are younger with disabilities?
The Federal Public Health Program
Medicare
FEMA
MAUSA
The federal program that provides benefits (money) to retired people and those who are unemployed or disabled is known as what?
FEMA
USDA
Social Security
Temporary Assistance for Needy Families
What is the difference between gross income and net income?
Gross income is paid to the government; net income is paid to the employer
Gross income is total pay without deductions; net income is total pay after taxes
Gross income is total pay after taxes; net income is total pay without deductions
Gross income is total pay that goes towards fixed expenses; net income is total pay that goes toward variable expenses
A tax on sales or the receipts from sales.
Cash flow
Property Tax
Sales Tax
Inflation
Which term matches this definition: "The total amount of money being transferred into and out of a business or household"?
Cash flow
Depreciation
Sales Tax
Inflation
What term matches this definition: "Increase in prices and the fall of the dollar"?
Creditworthy
Deflation
Inflation
Cash Flow
What term matches this definition: "A tax on property paid to the jurisdiction where the property is located"?
Sales tax
State Tax
Income Tax
Property Tax
