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- 1. Multiple Choice
Tax return forms must be submitted to the IRS and state governments usually by
April 15th
April 1st
May 1st
It varies for each person
- 2. Multiple Choice
Use this tax return form if you don't have children, your filing status is single or married filing jointly, and your taxable income is less than $100,000.
1040
W-4
1099
W-2
- 3. Multiple Choice
In January, you will receive this form from each of your employers from the past year. It reports your total earnings and withholdings.
Form W-2
Form W-4
Form 1099
1040
- 4. Multiple Choice
Before starting a new job, form you complete to determine how much tax your employer should withhold from your paycheck.
Form W-2
Form W-4
Form 1099
1040
- 5. Multiple ChoiceThis type of insurance will cover the possessions inside your apartment in case of a fire, flood, or theft.Renter's insuranceLiability insuranceHealth insuranceDisability insurance
- 6. Multiple Choice
This type of insurance helps cover the lost income if you are unable to work due to an injury or impairment.
Renter's insurance
Liability insurance
Health insurance
Disability insurance
- 7. Multiple Choice
This type of insurance covers the cost of medical bills, prescription medicine, doctor visits, and more.
Renter's insurance
Liability insurance
Health insurance
Disability insurance
- 8. Multiple Choice
This type of insurance is required by law when you drive a car in case you are responsible for causing an accident.
Renter's insurance
Liability insurance
Health insurance
Disability insurance
- 9. Multiple Choice
What type of person would typically have the LOWEST auto insurance premiums?
Young, inexperienced drivers
Higher-risk drivers
Older, experienced drivers
Drivers with children
- 10. Multiple Choice
This type of tax is charged on the value of any land, buildings, or houses owned.
Income tax
Sales tax
Property tax
Capital gains tax
- 11. Multiple Choice
This type of tax is charged as a percentage of the price of what you purchase.
Income tax
Sales tax
Property tax
Capital gains tax
- 12. Multiple Choice
This type of tax is charged on the money you earn throughout the year.
Income tax
Sales tax
Property tax
Capital gains tax
- 13. Multiple Choice
Which of the following are NOT deducted on a typical paystub?
Property tax
Federal and State income tax
Social security tax
Medicare tax
- 14. Multiple Choice
Your auto insurance policy has a $200 monthly premium and $700 deductible. What is the maximum amount you will have to pay out-of-pocket for a car accident before your insurance covers your costs?
$700
$500
$200
$900
- 15. Multiple Choice
Jan pays $70 each month for her auto insurance policy. This regular payment is called a:
claim
deductible
premium
co-pay
- 16. Multiple Choice
Insurance can help you:
minimize monthly expenses
financially protect against unexpected accidents
reduce the chances of getting into an accident
cover all out-of-pocket costs
- 17. Multiple Choice
In which of the following scenarios will you be entitled to pay the LEAST amount of money out-of-pocket for a medical expense?
You have health insurance with a $1,500 deductible.
You have auto insurance with a $700 deductible.
You have health insurance with a $500 deductible.
You have no insurance
- 18. Multiple Choice
Which of the following typically have the HIGHEST auto insurance premiums?
Young, inexperienced drivers
Drivers who have safe driving records
Older, experienced drivers
Drivers who travel short distances
- 19. Multiple Choice
The person who receives financial protection from a life insurance plan is called a:
Giver
Insured
Payer
Beneficiary
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