Ch 12 16 and 17 Money Management

Which of the following actions typically changes the most the credit score of a person?

Liabilities are on the left side of a balance sheet.

After being hired by your employer which tax form must you fill out your first day?

A term that best describes your gross pay after taxes are deducted is:

Your credit card limit is $1,000 and your balance is $500, what is your utilization rate?

Assets are on the right side of a balance sheet

Which answer best defines: Net Pay

Owner's equity are on the right side of a balance sheet.

Select the one that is not an asset.

Revenue is all the income that a business receives over a period of time.

Which answer best defines: Gross Pay

Ann created a budget realizing that her expenses is more than her income. Ann should try to:

Select the one that is not a liability

Which of the following is NOT a wise way to manage your credit cards?

When paying taxes in the U.S., the more money you make, ____________________.

If you use a credit card, you should:

Which of the following is not typically associated with borrowing?

An example of a fixed expense is:

The following is usually considered a variable expense:

Which answer best defines: Paycheck Stub

Revenue - Expenses= Profit or Loss is what equation?

Revenue < Expense = Profit

Revenue > Expenses = Profit

Expenses are all the costs of operating a business.

Which of the following best define a W-2 tax form?

Select the answers: Which record is a type of business record?

What is the current range of a FICO credit score?

You want control over your income & spending so you can save money. Which will help the most?

A ___________ is a plan for how you will spend your money.

Which of the following will help you the LEAST in managing your money?