A Monster W!SE Review!

To match your bank statement with your records:

Reduction in the gross amount on which a tax is calculated:

A form of federal or state financial aid that does not need to be repaid:

Rent is a _______ expense.

A system by which good and services are produced and distributed:

When a single company or group owns all or nearly all of the market for a given type of product

Which one is not a form of income?

A fee paid by a borrower to the lender for the use of borrowed money:

The IRS is the federal government agency responsible for:

A spur-of-the-moment, unplanned decision to buy a product or service:

The government agency responsible for regulating the stock market:

Online bill pay allows you to make payments to anyone without having to write a check.

What is the difference between gross pay and net pay?

The Federal Reserve is responsible for

An amount of money you pay to help cover a portion of your medical costs:

Everyone should have the same financial plan. One person's budget is sufficient for everyone.

Which of the following is a consequence of overdrawing your checking account?

Non-essential expenses:

The knowledge and skill set necessary to be an informed consumer & manage finances effectively:

Occurs when money is withdrawn from a bank account and the available balance goes below zero:

A written cash flow plan:

A card issued by a bank that allows users to finance a purchase:

A detailed report of an individual's credit history:

An obligation of repayment owed by one party to a second party:

This form determines how much tax should be withheld from your paycheck:

A four-year degree is necessary regardless of which career you're entering.

Amount you must pay before you begin receiving any benefits from your insurance company:

What is paycheck garnishment?

Your monthly budget should include:

Groceries are a ______ expense.

The government relies on taxes to:

Personal Property tax is paid on....

A decrease or loss in value:

Money set aside and left alone for a "rainy day:"

A credit score is intended to measure:

The Federal Reserve Bank is responsible for printing paper currency.

The day that income tax filings are due in the U.S. is:

A life insurance policy for a specific period of time is called: