Post Test: Money Management
8 Questions
| Total Attempts: 107
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Post Test: Money ManagementS. P. O. K. E. S 2008Weirton, WV
Questions and Answers
- 1.Give a Definition for money management.
- 2.Understanding food is an example of a need and stake is a want. Another example of a want vs. need is:
- A.
Clothes vs. Name brand jeans
- B.
Water vs. Coke
- C.
Coke vs. Pepsi
- D.
Transportation Vs. Personal Vehicle
- E.
Ralph Lauren vs. Calvin Klein
- 3.The amount of your income from your wages or salary before payroll deductions is called:
- A.
Gross income
- B.
Net income
- C.
Paycheck
- D.
Taxes
- 4.The amount of income from your wages or salary after payroll deductions is called:
- A.
Gross income
- B.
Net income
- C.
Paycheck
- D.
Taxes
- 5.Name one factor to consider when choosing a bank for opening a checking account.
- 6.What is the common factor to consider for the deduction on your pay stub called FICA?
- 7.The more exemptions you clam on your W-4 (Employee Withholding Allowance Certificate) the fewer taxes are taken from you monthly pay.
- A.
True
- B.
False
- 8.Define the term "Value"
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