Financial Literacy 9 weeks review

Your taxes have to be complete by April 15th or they are considered late.

What is one type of tax prep software that people use to help them prepare their taxes each year?

What are the various types of insurance we have discussed this week?

You have to meet your deductible before your insurance will pay any coverage amount.

A professional that does your taxes is called an accountant.

What would you dip into your emergency fund for?

When should you start investing in savings for your future?

What are the ways you can file taxes?

If you own a home, you need to purchase renters insurance.

What is the suggested percentage of your income that you should try to save each month?

If you rent an apartment at college, you need to purchase renters insurance so that your personal belongings are covered

I hit Colin and injure him in an accident, his bill is $50,000, my insurance covered $47000, how much do I pay?

What is the name of the document your employer sends you every year that lists how much money you made?

You have to file a federal and state tax return every year?

If you rent an apartment, you need to have homeowners insurance.

What is the name of the person who receives money from a life insurance policy?

You should keep your savings in a separate account so you are not tempted to spend it.

What does the IRS stand for?

A debit card has unlimited amounts of money on it that you can borrow at anytime.

A 401K is a type of retirement account.

We pay taxes to fund the government.

You have to pay a premium monthly payment to buy an insurance policy.

A credit card has money you have deposited into your bank account on it.

If I have $300 in my bank account and I spend $147 at the mall, how much do I have left?

If I am buying a pair of jeans at American Eagle, where do I list the word "jeans" so that I can remember what I bought.