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What is the typical duration of a lease agreement?

• Six months

• One year

• Two years

• Three years

What percentage of your net pay should your monthly rent not exceed?

• 20%

• 30%

• 40%

• 50%

What is a security deposit usually equal to?

• Half a month's rent

• One month's rent

• Two months' rent

• Three months' rent

What might landlords ask for in addition to a security deposit?

• Last month's rent only

• First and last month's rent

• First month's rent only

• No additional payments

What additional costs should be factored into your budget besides rent?

• Only groceries

• Utilities, internet, and renters insurance

• Only entertainment

• Only transportation

Clothing has what kind of tax added?

• Income tax
• Property tax
• Sales tax
• Excise tax

Wages have what type of tax added to them?

• Excise tax
• Property tax
• Sales tax
• Income tax

Land and houses have this type of tax added to them

• Property tax
• Estate tax
• Income tax
• Sales tax

Property taxes are the main source of income for which level of government?

• Federal government
• State government
• International government
• Local government

Income taxes are the main source of income for which level of government?

• Federal government
• State government
• International government
• Local government