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WorksheetsFin Lit Mod 4-6 Review
Total questions: 36
Worksheet time: 18mins
Cost of Living:
Average amount needed to live in a specific city
Average income in a specific city
Average healthcare costs in a specific city
Depends on how much money you make
Julie earns a yearly salary of $60,000. How much does she make monthly?
$300,000
$3,500
$5,000
Self employment income does not have taxes taken out automatically
True
False
When you start or run your own business, you are an
Entrepreneur
Entrapranure
Entrepranur
Entrepruner
What is a disadvantage of owning/running your own business?
High income potential
Be your own boss
Flexible schedule
Income is not guaranteed
Which city probably has the highest cost of living
Las Vegas, NV
Salt Lake City, UT
Honolulu, HI
Phoenix, AZ
Wage employees can get paid overtime if they work more than ____ hours per week.
30
50
40
A student who comes from Utah and attends college at the University of Texas pays
zero tuition
A type of financial aid that does not have to be paid back and is usually based on parents income
A type of financial aid that does not need to be paid back and is usually based on performance (academic, athletic, etc)
SARSA
EFCE
IDFS
The same
Interest for Unsubsidized loans starts adding up...
After you leave school
Trade schools usually
Require less time than traditional universities
Require more time than traditional universities
Cost more than traditional universities
If you are interested in careers like Cooking, Hair Styling, Electrician, EMT, etc, than the option for you is probably:
Military
Straight to Work
Traditional College or University
Trade School
Colleges and Universities are
Only for specific job training
The fastest and cheapest option
Great for exploring your options
Your parents can save money on taxes if they put money in this type of account for your education
Self Ed Plan
529 Plan
Scholarship Plan
401k
This important document summarizes your work history, education, qualifications and skills
Immunization Record
Resume
Passport
Birth Certificate
Deposit
Taking money out of your bank account
A plastic card used to make purchases
Putting money in your bank account
Where does a debit card withdraw money from?
A fundraiser
Your savings account
Your checking account
Bank loans require you to pay back the principal plus interest
Credit Unions refer to their account holders as
Customers
Suckers
Spending more money than you have in your bank account
Storing too much money in your savings account
Going over your credit card limit
What fees might a checking account have?
ATM out of network fees
Overdraft fees
Minimum balance fees
All of the above
This type of financial institution is known for higher interest rates and fees
Payday Lender
Stock Broker
Bank
Credit Union
This type of financial institution is non-profit and usually only has branches in one state or region
Credit Union
Financial Advisors
Bank
Loan Agency
This type of financial institution specializes in helping clients grow their savings/investments
Financial Planner (Stock Broker)
Loan Agency (Payday Lender)
Credit Union
Bank
FDIC and NCUA protect the money in banks and credit unions, but only up to
$250,000
$100,000
$1,000,000
$500,000
This institution plays a critical role in regulating banks and keeping our economy stable
The Federal Reserve
The Pentagon
The Supreme Court
The Internal Revenue Service
This type of fraud occurs when someone alters an ATM Machine to steal Debit Card / Account Information
Skiing
Surfing
Sliding
Skimming
When you use checks to pay for things, they are always cashed or deposited immediately, so you don't have to remember if the money has left your account.
False
True
