Money Matters Final Review Part 2: Question Preview (ID: 22928)

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Sales tax and excise tax are both taxes on
a) consumption
b) property
c) income

During your first interview within a company, you should NOT
a) ask about salary
b) show interest and be enthusiastic
c) bring extra copies of your resume

When applying for a job, you should
a) follow up with the employer
b) lie about your personal information
c) talk about things not related to your job application

Your primary motivation for giving should be
a) the simple desire to help others
b) tax deduction
c) what others think of you

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) w4
b) w2
c) w10

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

An arrangement in which a person puts his money for long-term growth
a) investment
b) diversification
c) share

Which is a list of your investments
a) portfolio
b) stocks
c) liquidity

What is the difference between wholesale price and retail price?
a) markup
b) auction
c) foreclosure

This is designed to replace income lost due to death
a) life insurance
b) identity theft insurance
c) auto insurance

This covers the contents of your apartment
a) renters insurance
b) health insurance
c) auto insurance

This covers a loss due to damage, theft or injury within one's home
a) homeowners insurance
b) auto insurance
c) health insurance

A person who thinks that everything will work out fine and typically hates to deal with the details is known as a
a) free spirit
b) nerd

The recipient of assets passed on from the death of a friend or relative is
a) beneficiary
b) will
c) nerd

What is an expense that a tax payer who meets certain criteria can subtract from tax owed
a) tax deduction
b) non profit
c) charity

Traits or qualities that represent an individual's highest priorities, beliefs, and motivating forces
a) core values
b) donation
c) charity

Something that someone has achieved that continues to exist after they are gone
a) legacy
b) donation
c) tax deductions

A person who gives money, items, or time to a worthy cause
a) donor
b) non-profit
c) charity

Paid by anyone who owns property such as land, home, or commercial real estate
a) property tax
b) income tax
c) sales tax

A brief account of one's professional or work experience and qualifications
a) resume
b) personal branding
c) gross pay

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