If goals are to be meaningful, they should be broadly stated & without a specific time frame to be achieved.

Overtime pay is not considered when you calculate your gross pay.

Employers must contribute matching amounts into each employee's medicare and social security accounts.

On a local level, taxes pay for services such as education, parks, roads, and police, fire, & health departments.

If you file a joint tax return, you can take an exemption for your spouse.

Before you prepare a budget, it is a good idea to keep track of your income and expenses for a month or two.

In the short-run, fixed costs are easier to change than variable costs.

A check cannot be cashed until it is reconciled.

FDIC insurance protects the deposits of customers against loss up to $1 million per account.

Earnings on the principle amount is called interest.

The biggest advantage of scholarships is that they do not have to be repaid.

Payments on a credit account include both principle and interest.

Most credit cards are revolving credit agreements.

Collateral refers to financial assets you possess that are worth more than your debts.

Annual percent yield is the actual interest rate a savings or checking account pays, stated on a yearly basis without compounding included.

Homeowners insurance is usually a requirement of the loan agreement to protect the interests of the mortgage lender as well as the homeowner.

You should negotiate the price for a new car separately from the price of your trade-in.

It is not possible to protect yourself from the consequences of pure risk.

Generally the higher your deductible, the lower your insurance premium.

All of the following info would be appropriate for a resume EXCEPT ...

If you are a salaried worker ...

A standard work week is ..

A type of incentive pay based on the quality of work done OR years of service on the job is called ...

Which of the following is an example of NON-TAXABLE income?

A tax for which the rate stays the same, regardless of income is called ...

When opening a checking account, most banks will require you to have an initial deposit of ...

The total dollar amount paid including interest, fees, and balance on your credit card is referred to as the...

Which of the following items might be included on your credit report?

Which of the following is often the first step people take to establish good credit?

The _____ value of your home is used by the local government to figure out property tax information.

As a general rule, your mortgage payment should not exceed ____ percent of your take-home pay.

Your vehicle's VIN number, you can determine all of the following EXCEPT ...

In most cased, the main factor in determining your car's trade-in value is...

The fee a you pay to have your insurance policy in place is called the ...

Your paycheck amount, often referred to as 'take-home' pay, is your _____ pay.

A(n) ______ is an amount you may subtract from your income for each person who depends on your income.

Your ____ income is the money you have left to spend or save after taxes and your bills have been paid.

When you spend more money than is in your bank account it is called being _____.

The ___ ___ is the time frame within which you may pay your current card balance without interest.