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Money Matters Final Review Part 2
Test Description: Review for CR and MR Q 21-40
Instructions: Answer all questions to get your test result.
1) Sales tax and excise tax are both taxes on
A
consumption
B
property
C
income
2) During your first interview within a company, you should NOT
A
bring extra copies of your resume
B
show interest and be enthusiastic
C
ask about salary
3) When applying for a job, you should
A
talk about things not related to your job application
B
lie about your personal information
C
follow up with the employer
4) Your primary motivation for giving should be
A
tax deduction
B
what others think of you
C
the simple desire to help others
5) When a company hires you, you will fill out a ___ form which is the basis for determining how much income tax should be withheld from your paycheck
A
w10
B
w4
C
w2
6) The tax that pays for benefits that workers and families receive for either social security or medicare is
A
federal insurance contribution act
B
excise tax
C
sales tax
7) An arrangement in which a person puts his money for long-term growth
A
diversification
B
investment
C
share
8) Which is a list of your investments
A
portfolio
B
stocks
C
liquidity
9) What is the difference between wholesale price and retail price?
A
auction
B
foreclosure
C
markup
10) This is designed to replace income lost due to death
A
life insurance
B
auto insurance
C
identity theft insurance
11) This covers the contents of your apartment
A
renters insurance
B
health insurance
C
auto insurance
12) This covers a loss due to damage, theft or injury within one's home
A
homeowners insurance
B
auto insurance
C
health insurance
13) A person who thinks that everything will work out fine and typically hates to deal with the details is known as a
A
nerd
B
free spirit
14) The recipient of assets passed on from the death of a friend or relative is
A
beneficiary
B
will
C
nerd
15) What is an expense that a tax payer who meets certain criteria can subtract from tax owed
A
non profit
B
tax deduction
C
charity
16) Traits or qualities that represent an individual's highest priorities, beliefs, and motivating forces
A
donation
B
core values
C
charity
17) Something that someone has achieved that continues to exist after they are gone
A
tax deductions
B
donation
C
legacy
18) A person who gives money, items, or time to a worthy cause
A
donor
B
charity
C
non-profit
19) Paid by anyone who owns property such as land, home, or commercial real estate
A
income tax
B
sales tax
C
property tax
20) A brief account of one's professional or work experience and qualifications
A
personal branding
B
resume
C
gross pay
*select an answer for all questions
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