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1.
FLASHCARD QUESTION
Front
“Take home pay” is considered ________________.
Back
Net pay
2.
FLASHCARD QUESTION
Front
Oswald just had an emergency appendectomy. His insurance deductible is $500. The cost of the surgery was $15,500. The insurance company negotiated the cost with the hospital down to $13,000. How much will Oswald pay?
Back
$500
3.
FLASHCARD QUESTION
Front
What is a budget?
Back
A summary of the expected income and expenses for a defined period of time.
4.
FLASHCARD QUESTION
Front
Which of the following is a line of credit issued to customers to cover checks or debits which have exceeded the amount in their account? Options: Debt restructuring, Overdraft protection, Cash flow budgeting, ATM
Back
Overdraft protection
5.
FLASHCARD QUESTION
Front
Which of the following is the overtime pay rate? Bonus pay, Time-and-a-half, Double pay, Triple pay
Back
Time-and-a-half
6.
FLASHCARD QUESTION
Front
Which of the following is an example of revolving credit? Credit card, Student loan, Mortgage, Auto loan
Back
Credit card
7.
FLASHCARD QUESTION
Front
A designer handbag or luxury cruise would be classified as which of the following? Spending want, Spending need, Equity, Asset
Back
Spending want
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