FBLA Personal Finance Practice Test

Front

The due date for filing personal income taxes every year is _____?

Back

April 15

Front

Expenses that increase or decrease from month to month are called _____.

Back

Variable expenses

Front

A form an employer must provide employees each year for income tax purposes is called a _____?

Back

W-2

Front

A “good” score on a credit report is around ___.

Back

700

Front

Which of the following is a fixed expense? grocery bill, entertainment, car loan, doctor bill

Back

car loan

Front

A company that tracks down delinquent debt in exchange for a commission is called a _____?

Back

Collection agency

Front

A check is written to Sonya Perry. On the back of the check, Sonya writes, “For Deposit Only,” then signs her name. What kind of endorsement is this?

Back

Restrictive

Front

Hours Worked  ×  Rate =

Back

Gross Pay

Front

Scholarships, work-study, grants, and student loans are examples of _____.

Back

financial aid

Front

A plastic card directly linked to a checking account and used to make purchases is a _____.

Back

Debit card