Life After HS Final Exam Review

Net pay is ...

• The amount of money used to pay taxes

• The amount of money you take home in your paycheck

• Payroll witholding

• The amount of money you make

What is the first step to take if your identity is stolen?

• Close any accounts that may have been compromised

• Place a fraud alert on you bank accounts and credit reports

• File a report with the police

• File an identity theft complaint

A good resume should be how long?

• 2-3 pages

• 1 full page

• Half a page

• 2 pages

Which of the following takes 25-35% of a typical budget?

• Clothing

• Savings

• Housing

• Food

Taxes are taken out of your paycheck to...

• provide public goods and services

• build new cars

• build new homes

• pay for fast food chains

What is an EXECUTOR?

• Someone who does your taxes

• A banker

• A person working for a credit card company

• The person who carries out the wishes of a will

Investments always yield money.

• TRUE

• FALSE

Which of the following is NOT a factor that affects the price of a stock?

• Products and services a company provides

• Supply and demand

• Price of the stock from the previous year

• Investors' feelings towards a company

Citibank is one of the 3 consumer credit bureaus.

• TRUE

• FALSE

An insurance deductible is...

• Amount you pay before insurance covers costs

• Amount you pay every month

• Amount paid each visit

• Contract between you and the insurance company