27Mar23 Do Now-Your Personal Finance-2nd per

Diana has faced the fact that she and her family need to explore assistance programs they might qualify for during the time she must be off work following an accident. How might she and her family locate an appropriate program?

• Call the Social Security Administration.

• Contact her local bank.

• Go to www.govbenefits.gov on the web.

• Inquire at the local food pantry.

Which federal program assists low-income families in purchasing nutritious foods?

• SNAP

• TANF

• Social Security

• Medicare

When borrowing money, do you want a high interest rate or a low interest rate?

• You want a high interest rate.

• You want a low interest rate.

• The interest rate won't matter.

Michael earns $55,000 for the year and takes the standard deduction of $12,200. What is his taxable income?

• $55,000

• $42,800

• $43,200

• $12,200

What does "withholding" mean when talking about taxes?

• The amount your company withholds from your paycheck to pay taxes.

• The amount that you hold back and don't tell the government you earned.

• The amount you receive as a refund at the end of the year.

• The amount on which you don't have to pay taxes.

Your amount of pay after taxes.

• Budget

• Deductions

• Net Pay

Your amount of pay before taxes.

• Deductions

• Gross pay

• Social Security tax

The amount of money you earn, bring home, and have available for your budget.

• Income

• Interest

• Budget

A monthly plan - What needs to be paid and how much needs to be paid when

• Deductions

• Budget

• Income taxes

Taxes paid to the federal government every pay period

• Base salary

• Income taxes

• Federal tax