Untitled form

Front

“Take home pay” is considered ________________.

Back

Net pay

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

Front

What is a budget?

Back

A summary of the expected income and expenses for a defined period of time.

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

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

Front

Which of the following is an example of revolving credit? Credit card, Student loan, Mortgage, Auto loan

Back

Credit card

Front

A designer handbag or luxury cruise would be classified as which of the following? Spending want, Spending need, Equity, Asset

Back

Spending want

Front

Which of the following refers to an income range subject to a certain income tax rate? Tax brackets, Tax breaks, Tax exemption, Tax withholdings

Back

Tax brackets

Front

The right to keep the possession of property of another until a debt owed by the person is discharged is known as which of the following? Mortgage, Interest, Debt, Lien

Back

Lien

Front

Which of the following is a short-term, high-interest loan designed to bridge the gap from one paycheck to the next? Options: Personal loan, Student loan, Mortgage, Payday loan

Back

Payday loan