Unit 4 Lesson 3 Review Question Preview (ID: 58656)


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What is an example of a financial institution?
a) Organized group of wealthy people
b) IRS
c) Commercial Bank
d)

What does IRS stand for?
a) Internal Revenue Service
b) International Revenue Service
c) Internal Rational Society
d)

Compound interest is...
a) Interest you never get back
b) Interest paid on interest
c) Interest charged on your taxes
d)

If you donate and wish to claim more than ______ in charitable contributions, you must submit itemized deductions.
a) $300
b) $100
c) $1,000
d)

The CARES Act allows each person on a filing to claim how much in charitable donations?
a) None
b) $300
c) $500
d)

The CARES Act allows each person on a filing to claim how much in charitable donations?
a) $300
b) None
c) $1,000
d)

If you donate and wish to claim more than ______ in charitable contributions, you must submit itemized deductions.
a) $300
b) $400
c) $500
d)

Compound interest is...
a) Interest you never get back
b) Interest paid on interest
c) Interest on credit card purchases only
d)

What does IRS stand for?
a) International Ratios Society
b) International Reaping Systems
c) Internal Revenue Service
d)

What is an example of a financial institution?
a) Organized group of wealthy people
b) IRS
c) Commercial Bank
d)

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