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Michael wants to develop a spending plan for himself to use during his final year of high school. What will he need to do as his first step?
Apply for a debit card.
Senior citizens
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this.
Assets – liabilities = net worth
Late fees
Payroll taxes fund the Social Security and Medicare programs.
Spending plans are always under revision so they are never complete.
When earning interest, look for low rates.
Common fees that may be charged by a depository institution include all of these except which one?
Apply for a debit card.
Senior citizens
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this.
Assets – liabilities = net worth
Late fees
Payroll taxes fund the Social Security and Medicare programs.
Spending plans are always under revision so they are never complete.
When earning interest, look for low rates.
Samantha wants to be able to use funds in her checking account but finds going to the bank to withdraw cash to be inconvenient. She would like a more effective way to access her checking account funds. What would you suggest she do?
Apply for a debit card.
Senior citizens
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this.
Assets – liabilities = net worth
Late fees
Payroll taxes fund the Social Security and Medicare programs.
Spending plans are always under revision so they are never complete.
When earning interest, look for low rates.
Which statement is true about payroll taxes?
Apply for a debit card.
Senior citizens
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this.
Assets – liabilities = net worth
Late fees
Payroll taxes fund the Social Security and Medicare programs.
Spending plans are always under revision so they are never complete.
When earning interest, look for low rates.
Who is Medicare designed to help?
Apply for a debit card.
Senior citizens
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this.
Assets – liabilities = net worth
Late fees
Payroll taxes fund the Social Security and Medicare programs.
Spending plans are always under revision so they are never complete.
When earning interest, look for low rates.
Savings tools offered by depository institutions may earn interest. Which of the following statements is not true about interest?
Apply for a debit card.
Senior citizens
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this.
Assets – liabilities = net worth
Late fees
Payroll taxes fund the Social Security and Medicare programs.
Spending plans are always under revision so they are never complete.
When earning interest, look for low rates.
When is your spending plan complete?
Apply for a debit card.
Senior citizens
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this.
Assets – liabilities = net worth
Late fees
Payroll taxes fund the Social Security and Medicare programs.
Spending plans are always under revision so they are never complete.
When earning interest, look for low rates.
Which formula should Jordyn use to calculate her net worth?
Apply for a debit card.
Senior citizens
Track his current income and expenses—if he has already created an Income and Expense Statement then he has completed this.
Assets – liabilities = net worth
Late fees
Payroll taxes fund the Social Security and Medicare programs.
Spending plans are always under revision so they are never complete.
When earning interest, look for low rates.
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