NEW
Font size
WorksheetsMarshall AHS Financial Math Final
Total questions: 25
Worksheet time: 38mins
What is the difference in Gross Pay and Net Pay
Gross pay describes your pay after deductions; net pay is before.
Gross and net pay are the same.
Net pay describes your pay after deductions; gross pay is before.
None of above
The Government relies on Taxes to:
Remind citizens of the government's power
Burden the public with extra expense
Pay for services such as roads, education and social services
All the above
When applying for a job, you should:
Follow up with the employer
Present yourself well
Provide a resume and cover letter
All the above
When communicating with your parents about money, you should:
tell them your money goals
listen to what they have to say
be honest about your intent
all the above
When couples do not share the same money goals and values, what can happen?
stress
divorce
fighting
all the above
People need to save and invest because:
their money can make them money
put more money into circulation
be able to buy what ever they want
they can talk with service providers
Typical millionaires spend less money than they make.
True
False
Your credit score is affected by the type of debt, new dent and how long you have had the debt.
True
False
Your credit score measures the risk of you not repaying your debts.
True
False
When you are making a financial plan you should consider your assets, income and liabilities.
True
False
Assets are things you owe.
True
False
Winning with money looks the same for everyone.
True
False
Winning with money results from managing your money behavior.
True
False
Saving a $500 emergency fund is the 5th foundation
True
False
When I spend more money than I make and acquire more debt i have a negative savings rate.
True
False
The purpose of an emergency fund it to prevent you from going into debt when you have an emergency.
True
False
The normal American family is broke.
True
False
What is the best kind of debt?
College Debt
Mortgage Debt
Financing a Car
None of the above
What is a fee paid by a borrower to the lender for the use of borrowed money?
Interest
loan
debt
credit
What is a debit cart?
Money that is loaned from the bank and put on a card for you to spend.
Money that is used to buy a car
Money that is barrowed from your parents
Money that comes from you checking account and is dispersed by a card.
A plan for how you spend your money
budget
discretionary expense
commission
gross income
This type of expense stays the same each month
fixed income
variable expense
discretionary expense
fixed expense
What a person earns after payroll taxes and other deductions are taken out
irregular income
commission
gross income
net income
Which of the following is NOT a fixed expense
car payment
house/mortgage payment
groceries
subscription like netflix or hului
Which of the following expenses would you use an envelope system for?
car payment
house payment
eating out
credit card payments
