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WorksheetsFinancial literacy
Total questions: 15
Worksheet time: 8mins
A product that transfers risk from an individual to an insurance company.
Premium
Policy
Deductible
Insurance
The chance of loss from an event that can not be entirely controlled
Risk
Premium
Policy
Insurance
An insurance contract that states what risks are covered and how much money will be paid for losses.
Risk
Deductible
Policy
Premium
The amount paid out of pocket by the policyholder for the initial portion of loss before insurance coverage begins.
Premium
Policy
Deductible
Insurance
The money paid to an insurance company to purchase a policy.
Policy
Premium
Deductible
Risk
David mother died in a car accident and took out a (a) insurance policy to financially help her loved ones after she passed away.
Christopher's family has to take him to the doctor for his fever and body aches. What type of insurance would be used in this case?
Long Term
Disability
Life
Health
Helen's father is in a car accident and cannot work for 5 weeks. To replace what her dad gets paid from work, disability insurance is the right insurance to have?
True
False
The purpose of insurance is to make you financially better off than you were before the accident?
True
False
Which documentation does NOT need to be provided to complete a Form I-9?
Driver's License
Credit Card
Passport
Social Security card
Birth certificate
What information is provided on the Form W-4?
Marital status/ Dependants
Type of house you have/ Dependants
Marital status/ Type of car you drive
Type of house you have/ Type of car you drive
The forms ____and ______must both be completed by an employee when beginning a new job?
W9/ I4
WI/ 49
W-4/ I9
W2/ I12
How does direct deposit work?
the electronic transfer of net pay from an employer's financial institution to an employee's personal bank account
paper checks written out by employers to workers at the end of a pay period.
a plastic card that's been loaded with an employee's wages on pay day.
Give me CASH.
What is NET pay?
All of your pay during a period
Where you get to keep your deductions
The amount of money you have to pay your employer
Wages paid after deductions/ withholdings have been taken out.
Who is coach Taylor's favorite NFL (professional) team?
Cowgirls
Patriots
49ers
Vikings
