Sanjay is concerned about the safety of the money in his savings account. Which type of depository institution should he choose?

Which statement is TRUE about Payroll Taxes?

Who is Medicare designed to help?

He worked 22 hours and is being paid $8.00 /hour. He calculated that his paycheck should be $176. His paycheck amount is almost 1/3 less than he expected. What is the most likely reason that Austin’s pay is less than he expected it to be?

Maggie earns $62,000 per year and has a net worth of $20,000. Samantha earns $96,000 and has a net worth of $15,000. Who is wealthier?

Diana and Aaron have decided to develop a spending plan to help them gain control over their finances. Which of the following statements is NOT TRUE about spending plans?

When is your spending plan complete?

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?

Which aspect of security at a depository institution is NOT TRUE?

David made a mistake in his checking account recordkeeping and spent $10 more than he had deposited in his account. As a result, he can expect to be charged a(n):

Jonah is writing down his liabilities to complete his Statement of Financial Position. The item he should include would be:

As Mariah was looking over her sales receipt for the shirt she bought at a retail store, she discovered that she was charged 6% more than the price tag showed for the item. What is this extra 6% charge most likely to be?

To increase his net worth, Jackson could:

Erin and her mother are putting together an Income and Expense Statement for Erin to use as she applies for a college scholarship. Which income source does she NOT need to include for this statement?

He learned in class that he could probably reduce his spending the most by looking at his non‐contractual expenses. Which of his expenses best fit that category?

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