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Hard

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99 questions

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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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