Financial Planning

Financial Planning

Assessment

Flashcard

Mathematics

11th - 12th Grade

Hard

CCSS
8.EE.C.7B, 7.RP.A.3

Standards-aligned

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

What is Financial Planning?

Back

Financial Planning is the process of setting goals, developing a plan to achieve those goals, and managing resources to ensure financial stability and growth.

2.

FLASHCARD QUESTION

Front

What is Gross Income?

Back

Gross Income is the total amount of money earned by an individual before any deductions or taxes are applied.

3.

FLASHCARD QUESTION

Front

What is Net Income?

Back

Net Income is the amount of money an individual takes home after all deductions, taxes, and expenses have been subtracted from gross income.

4.

FLASHCARD QUESTION

Front

What factors should be considered when buying a car with a loan?

Back

Factors include Monthly Payment, Monthly Fuel Cost, and Monthly Insurance Cost.

5.

FLASHCARD QUESTION

Front

What is Comprehensive Insurance?

Back

Comprehensive Insurance covers damages to a vehicle caused by theft, vandalism, natural disasters, and other non-collision incidents.

6.

FLASHCARD QUESTION

Front

What is the difference between Gross Income and Net Income?

Back

Gross Income is the total earnings before deductions, while Net Income is the earnings after deductions and taxes.

7.

FLASHCARD QUESTION

Front

What is a Monthly Payment in the context of loans?

Back

A Monthly Payment is the amount of money that must be paid each month to repay a loan.

Tags

CCSS.8.EE.C.7B

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