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Personal Finance - 1st Day Flashcards | StudBud
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Personal Finance - 1st Day
Personal Finance - 1st Day
14 terms
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What do you already know? Answer these questions with a true or false.
Flashcards
14 cards
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Practice quiz
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Questions
14
Answers
1
The income tax rate is the same for everyone
False
True
2
The income tax rate is the same for everyone
False
True
3
If you are fired, you automatically qualify for unemployment benefits
False
True
4
In general, the more education you have, the more you are likely to earn
False
True
5
Your net pay will never be more than your gross pay
True
False
6
Bad credit can affect your ability to get a job
False
True
7
Your credit rating plays a minimal part when buying a house.
True
False
8
You do not pay interest on purchases made with a debit card
False
True
9
self employed people do not pay taxes
False
True
10
Taxes, Social Security and insurance can affect your take-home pay.
True
False
11
All forms of debt should be avoided
False
True
12
You should try to save at least 5 to 10 % of each paycheck
True
False
13
The deductible is the amount you pay weekly, biweekly, or monthly for an insurance policy
True
False
14
All income it taxable
True
False
