fbla personal finance

Front

Retirement planning should ideally begin...

Back

when the first paycheck is received

Front

The practice of pressuring consumers to buy more expensive product than what they had intended is called:

Back

trading up

Front

A type of financial fraud in which people pay to join an organization in exchange for the right to sell memberships to others is called a

Back

pyramid scheme

Front

On-the-job training is an example of: formal education, natural education, informal education, self-education

Back

informal education

Front

If an hourly worker makes $15.00 per hour and earns time and a half for overtime, how much is the per hour pay for overtime if the employee works 40 regular hours and 6 overtime hours?

Back

$22.50

Front

Taxable income is used to compute: exemptions, capital gains, income tax, deductions

Back

income tax

Front

the purpose of is form W-4 is to...

Back

allow the employer to withhold federal income taxes from an employee's wages

Front

When preparing a budget, you need to focus mostly on your: net income, gross income, disposable income, taxable income

Back

disposable income

Front

A person's ___ is a measure of the amount of money coming in versus the amount going out.

Back

cash flow

Front

Which one of the following would be a monthly fixed expense for budgeting purposes?
Options: magazine subscription, electricity bill, rent, gifts

Back

rent