WorksheetsFinancial Management Final Exam Review
Total questions: 15
Worksheet time: 8mins
Which is the best example of EARNED income?
Interest earned on a savings account.
Money earned from working at the mall.
Money received from Social Security
Money inherited from a relative.
A Dependent is
a taxpayer
a person who relies on another person for financial support
your husband or wife
your parent
Which item is not funded by your tax dollars?
Public Library
Local Fire Department
Department of Transportation (road crew)
Fast Food Restaurant
Taxes are fees that the government ________ people to pay in order to live and work in their state and the USA.
does not require
requires
Tammy has a basic account that allows her to deposit and withdraw money, write checks, and receive a monthly statement with no service charge if she manintains a minimum balance of $25.00. This type of account is called___
Savings account
IRA
Retirement Account
Checking Account
Sara earns $10.00 an hour. She worked 40 hours this pay period. Her gross pay was ?
$300 after taxes and deductions
$400.00
$275.00 after standard deductions
Net pay is the pay you receive each pay period
before any deductions
after all taxes and deductions
after retirement only is deducted
The federal program that assists older Americans with insurance and income is called
FICA (Federal Insurance Contribution Act)
Federal Income Tax
State Income Tax
Physician's Mutual Insurance
When you get a job you are required to complete a ______ form.
W-4 and I-9
W-2 and I-9
1040 and I-9
1040 EZ Form and I-9
Medicaid is a ________ health insurance program to help people who cannot afford health care costs.
Private
government
Military
Life insurance helps cover _______costs when a person dies.
funeral costs
housing costs
In NC the insurances required by all people are
car insurance
life insurance
home insurance
all of the answers are correct
Which is not an example of an unexpected event?
car accident
fire
trip to DIsney World
breaking your arm
If customers pay their bills on time they will have
a higher credit score
a lower credit score
the same credit score
What is the only payment method that does not charge interest or fees?
Currency (cash)
Credit Card
Debit Card
