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AFC MDC April Chapter Membership Meeting Ice Breaker Flashcards | StudBud
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AFC MDC April Chapter Membership Meeting Ice Breaker
AFC MDC April Chapter Membership Meeting Ice Breaker
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StudBud Administration
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National Financial Literacy Month
Flashcards
5 cards
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Practice quiz
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Host live
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Questions
5
Answers
1
If you make $60K/yr and your tax bracket is 22%, It means that ALL your income will be taxed at that rate.
False
True
2
What are things you can do to lower the upfront cost of a car you're buying from a dealership?
all of the above
negotiate the price down
Offer a larger down payment
Offer a trade-in vehicle if you have one
3
The "IRA" in "Roth IRA" stands for Individual Retirement Accounts.
False
True
4
This type of insurance is used to off-set the risk of lower down payments (under 20%) on mortgages in case of default.
Personal Mortgage Insurance (PMI)
Personal Banker's Insurance (PBI)
Personal Indemnity Insurance (PDI)
Personal Homeowner's Insurance (PHI)
5
In the world of finance, what does the abbreviation "APR" typically stand for?
Annual Peak Rate
Annual Prediction Radomization
April
Annual Percentage Rate