taxes quiz

Question 1

Which of these does not have the potential of coming into effect if a criminal broke into your house?

Accepted Answer

Uninsured Motorist Coverage

Question 2

Specific goals are:

Accepted Answer

Specific , measurable, attainable, realistic, timebound

Question 3

What is Claim in financial literacy?

Accepted Answer

Paperwork filed with an insurance company to help cover for loss

Question 4

If you make $12/h and you work 38 hrs a week , during two weeks and your taxes took out 21% what is your net pay.

Accepted Answer

$720.48

Question 5

A credit to my checking account means

Accepted Answer

A transaction was added to it

Question 6

What is the Social Security Tax Rate?

Accepted Answer

6%

Question 7

_____ is an example of a financial institution.

Accepted Answer

A Bank

Question 8

You must be 21 before you can enter into contact

Accepted Answer

False

Question 9

What is Sin tax ?

Accepted Answer

Guilty feeling if you have any morals

Question 10

Which of these do taxes help pay?

Accepted Answer

Parks

Question 11

you own a loan of $20,000 with 3% interest and a credit card debt for $1,000 with 20% interest what should be pay first

Accepted Answer

Credit card debt

Question 12

True or False, Short term goals are a part of budgeting, but budgeting is not a part of short term goals?

Accepted Answer

False

Question 13

When do people think about their future in regards to college and career?

Accepted Answer

Their Whole Life

Question 14

The money you get to take home is call?

Accepted Answer

Net pay

Question 15

What is considered long term?

Accepted Answer

18 months

Question 16

The two tax forms are required when beginning a new job are?

Accepted Answer

W-4 & I-9

Question 17

Fraud is a deliberate act that a person uses to gain something

Accepted Answer

True

Question 18

You have four payment to make, electricity, car payment, rent and water what 2 payments would change depending on usage.

Accepted Answer

Water Bill, Electric Bill

Question 19

An escrow account consists of principal and interest

Accepted Answer

False

Question 20

What things should be considered while housing

Accepted Answer

Cost of living, transportation, cost of food

Questions 20