Career Prep (EverFi)
Healthcare, paid time off, disability insurance, and matching contributions to a retirement account are all types of __________ available from your employer.
benefits
When you are deciding what to buy, you should...
compare the unit price of items similar to the one you want
What is one of the best ways to get reliable information about a product?
search online reviews
An insurance deductible is....
the amount of money you owe before insurance will cover the rest of the bill
an insurance premium is ...
the amount of money you pay for an insurance policy
How is a post from a social media influencer different than a comment from a regular consumer?
the influencer is paid to post the product
A deductible is paid by...
the policyholder
an insurance premium is paid by
the policyholder
Which of the following is true about the Free Application for Federal Student Aid(FAFSA).
1. The earliest you can submit your FAFSA is October 1st of each year 2. The form is available online or on paper 3.States have different deadlines for applying for state aid
Which is a tax free savings account that can only be used for educational expenses?
A 529 Plan
Using a loan could help you with the purchase of which of the following?
A house
Wearing a seatbelt, not texting while driving, and driving carefully are all examples of...
risk management strategies
Which item is important to consider when selecting a credit card?
APR and fees
Which is NOT considered an additional cost beyond tuition for higher education?
Academic Counseling
For most careers, which degree will most likely result in the highest lifetime earnings?
Bachelor's degree
________________ are good places to look to find your current expenses when building your budget
Bank and Credits Statements
What type of bank account is the best for everyday transactions?
Checking Account
Which payment option could have interest charged to you?
Credit Card
Which payment option takes money out of your bank account immediately?
Debit Card
Which of the following is a possible tax or deductions that they may show up on your paycheck?
FICA, Federal, and retirement savings
What type of federal funding is free money but is based on financial need only?
Federal Grants
The amount of money you're paid, after all taxes and deductions are taken out of your paycheck is called?
Net Pay
In addition to needs, what should you plan for first when creating a budget?
Recurring expenses
What is the purpose of the W-4 form?
To inform your employer of how much federal income tax to withhold from your paychecks
Whys should you purchase insurance?
To prevent financial burden in the case of an accident, theft, or another event.
Generally, the more education you receive, the higher your lifetime earnings will be.
True
Your employer sends you a ________ form that tells you how much you've made and how much you've paid in taxes in the last year?
W-2
Choose the statement that is true about health insurance.
You should have health insurance, regardless of your circumstances
An emergency fund should NOT be used for...
a last minute school trip
What does liability insurance not cover in the event of an accident?
injury to yourself
If you get into a car accident, your ___________ may increase because you will be considered riskier for the insurance companies to cover.
insurance premium
Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called....
liability insurance
To maintain a good credit score you must _________.
manage your debt wisely
Which is a positive reason for using a credit card to finance purchases?
paying it off in time can help build your credit history
Paying only the minimum balance on your credit card can lead to .....
paying more interest
The price of an item within a group of items is known as the __________ of the item
unit price
If there is a mistake with one of your bank accounts, who should you contact to resolve the issue?
your financial institution
