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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
income
B
consumption
C
property
2) During your first interview within a company, you should NOT
A
show interest and be enthusiastic
B
ask about salary
C
bring extra copies of your resume
3) When applying for a job, you should
A
lie about your personal information
B
follow up with the employer
C
talk about things not related to your job application
4) Your primary motivation for giving should be
A
the simple desire to help others
B
tax deduction
C
what others think of you
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
sales tax
B
excise tax
C
federal insurance contribution act
7) An arrangement in which a person puts his money for long-term growth
A
investment
B
share
C
diversification
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
markup
B
auction
C
foreclosure
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
auto insurance
B
health insurance
C
renters insurance
12) This covers a loss due to damage, theft or injury within one's home
A
health insurance
B
homeowners insurance
C
auto 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
nerd
B
beneficiary
C
will
15) What is an expense that a tax payer who meets certain criteria can subtract from tax owed
A
charity
B
tax deduction
C
non profit
16) Traits or qualities that represent an individual's highest priorities, beliefs, and motivating forces
A
charity
B
core values
C
donation
17) Something that someone has achieved that continues to exist after they are gone
A
donation
B
legacy
C
tax deductions
18) A person who gives money, items, or time to a worthy cause
A
charity
B
donor
C
non-profit
19) Paid by anyone who owns property such as land, home, or commercial real estate
A
income tax
B
property tax
C
sales tax
20) A brief account of one's professional or work experience and qualifications
A
gross pay
B
resume
C
personal branding
*select an answer for all questions
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