An example of a short term goal is:

Victor wants to save $100 over the next 4 months for a lift ticket to go skiing. How much should he save each month in order to meet his goal?

Salena wants to save $2400 over the next 2 years to pay for a trip to Mexico to visit family. How much will she need to save each month in order to reach her goal?

Housing is an example of a(n):

The amount Travis spends in gas every month changes based on gas prices and how much he drives. This would make gas an example of a:

Which of the following is one of the steps in creating a budget?

John wants to budget 20% of his income for savings. If he makes about $1,600 each month, how much of his budget will be savings?

Which financial institution usually has the highest interest rates?

Tommy has a basic account that allows him to deposit and withdraw money, write checks, and receive a monthly statement with no service charge if he maintains a minimum balance of $250. What type of account is this?

Pam is ready to reconcile her bank statement with her check register. What should she do?

A __________________ is a for profit financial institution that is run by share holders.

A ____________________ is a nonprofit financial institution that is run by its members.

Nellie earns $10.00 per hour. During this pay period she worked 36 hours. How much was her gross pay?

Pay for work beyond 40 hours in a work week is called ______ _____.

A fixed amount of money paid to a worker for each item satisfactorily produced or assembled or each action satisfactorily completed is a _______________.

Jen makes widgets at a factory. If she can make 400 widgets in 8 hours, what is her hourly production rate?

Mark assembles widgets at a factory. He makes $.10 for each widget that he correctly assembles. The production rate is 80 widgets an hour. What is John's gross pay for an 8 hour shift if he meets this production rate?

Sara earns $10.00 an hour. She worked 40 hours this pay period. Her gross pay was $400.00. She had the following deductions taken from her pay stub ($60.00 in Federal Income Tax, $28.00 in State Income Tax, $30.60 in FICA). What is Sara’s net pay?

The federal program that assists older Americans with insurance and income is called _____.

Jerry’s gross pay for this pay period was $525.00. He had the following deductions taken from his pay check ( Federal Income Tax $78.75, State Income Tax $36.75, FICA $40.16). What is his net pay?

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