Retirement planning should ideally begin...

fbla personal finance

Quiz
•
Jazmire Ponder
•
Business
•
9th - 12th Grade
•
691 plays
•
Medium
Student preview

10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a few years before retirement
when all debts are paid off
when kids go off to college
when the first paycheck is received
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The practice of pressuring consumers to buy more expensive product than what they had intended is called:
jumping prices
trading up
misrepersentation
inflating prices
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A type of financial fraudin which people pay to join an organization in exchange for the right to sell memberships to others is called a
square scheme
pyramid scheme
geometric scheme
circle scheme
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
On-the-job training is an example of:
formal education
natural education
informal education
self-education
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
If an hourly worker makes $15.00 per hour and earns time and a half for overtime, how much is the per hour pay for overtime if the employee works 40 regular hours and 6 overtime hours ?
$25.00
$22.50
$735.00
$135.00
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Taxable income is used to compute:
exemptions
capital gains
income tax
deductions
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
the purpose of is form W-4 is to...
allow the employee to participate in a tax-deferred savings plan
document a refund or figure a balance due to the IRS each year
allow the employer to withhold federal income taxes from an employee's wages
itemize how much money was earned by an employee and how much was withheld and sent to the IRS
8.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When preparing a budget, you need to focus mostly on your:
net income
gross income
disposable income
taxable income
9.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A person's ___ is a measure of the amount of money coming in versus the amount going out.
cash flow
allowance
income statement
debt ratio
10.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which one of the following would be a monthly fixed expense for budgeting purposes?
magazine subscription
electricity bill
rent
gifts
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