GFL State Review #8

Front

What do you NOT need in order to fill out your 1040? Your W-2, Your routing and bank account number, A record of any other supplemental income, Your employer benefits documentation

Back

Your employer benefits documentation

Front

Andrew doesn't want to spend a lot of money on student loans, and does not qualify for grants. What is his best option for affording a Bachelor's Degree? Options: He can enroll in a trade school and transfer his courses later., He can attend a specialized training program and transfer a couple of his courses., He can attend the local community college whose courses transfer to the public four-year college., None of these are correct.

Back

He can attend the local community college whose courses transfer to the public four-year college.

Front

What could Jane do in order to afford the next step in her dream to become a nurse?

Back

Jane should apply for federal grants and for need-based scholarships.

Front

Where should you look to find your current expenses when building your budget?

Back

bank and credit statements

Front

In order to qualify for financial aid, prospective college students must file their _____________.

Back

FAFSA

Front

Which of the following things cannot be done with a debit card but can be done with a credit card? Rent a car, Purchase something online, Purchase an airline ticket, Go into debt

Back

Go into debt

Front

Why is it more difficult to get out of debt when only paying the minimum payment?

Back

The majority of your minimum payment is going towards interest and finance charges and only a small amount towards the principal.

Front

What form is received in January, tells how much taxes were taken out from a job, and is needed for each job you worked?

Back

W-2

Front

Savings accounts offer more ___________ than a checking account.

Back

interest

Front

What is an "outstanding balance"?

Back

The amount you owe even after making your most recent payment.