Kai's pay stub shows $640 earned before any taxes or deductions. What is the $640 called?

Maya earns $640 before $128 is withheld from her paycheck. What is her net pay?

An employer sends part of Jordan's paycheck to tax authorities before Jordan receives the pay. What is this payroll process called?

Which IRS form does an employee use to tell an employer how much federal income tax to withhold?

Which form reports an employee's annual wages and tax withholding?

A freelance graphic designer is paid by clients but is not their employee. Which tax form may report that income?

A worker has money taken directly from each paycheck for health insurance. What is this called?

What name is commonly used for the payroll taxes that fund Social Security and Medicare?

Riley had $850 withheld for income tax but owes $700 when filing a return. What should Riley receive?

Which term describes how quickly money in an asset can be turned into cash without a major loss in value?

Nia lists rent, food, savings, transportation, and other categories, then assigns dollar amounts until all $2,000 of her monthly income is planned with none left over. Which budgeting method is she using?

Which account is designed for frequent deposits, payments, and withdrawals?

Which account is generally used to set money aside while earning interest?

What happens when a bank pays a transaction even though an account lacks enough money to cover it?

Ava's monthly income is $2,400 and her planned expenses total $2,150. What does her budget show?

Money saved for an unexpected car repair or medical bill is called what?

What is it called when an employer electronically sends a worker's pay into the worker's bank account?

Which payment card generally takes money directly from the cardholder's checking account?

What does APR tell a borrower about a loan or credit card?

A card has a $300 balance and a $1,000 credit limit. What is its credit utilization?

A borrower receives $8,000 and repays it in fixed monthly payments over four years. Is this installment credit or revolving credit?

A borrower pledges a car that the lender can take if the loan is not repaid. What type of loan is this?

Which record lists a consumer's borrowing history, accounts, and payment information?

Lena borrows $500 at 12% simple annual interest for one year. How much interest will she owe?

What is the period after a credit card billing statement when a cardholder may avoid interest by paying the balance in full?

Jade's credit card statement shows a $900 balance, but the issuer requires her to pay only $35 by the due date. What is the $35 called?

What number summarizes information in a credit report to help lenders estimate credit risk?

What is the gradual repayment of a loan through scheduled payments of principal and interest called?

Spreading investments among different companies or asset types to reduce risk is called what?

Devon invests $1,000 at 10% annual compound interest for two years. What will the account be worth?

What does APY describe for a savings account?

Priya contributes from each paycheck and receives an employer contribution to a retirement plan. Which account is she most likely using?

What term describes earning permanent ownership of employer retirement contributions over time?

What type of retirement account can an individual open independently of an employer?

Sam owns $12,000 in assets and owes $5,000 in liabilities. What is Sam's net worth?

What is the original amount of money invested or borrowed called?

An investor sells stock for more than the purchase price. What is the profit called?

What term describes how much investment uncertainty and potential loss a person is willing to accept?

What is the regular amount paid to keep an insurance policy active?

A covered loss is $2,800 and the policy deductible is $1,000. How much does the insurer pay after the deductible?

What is a fixed amount a patient may pay for a covered doctor visit or prescription?

After meeting a deductible, Owen pays 20% of a $1,000 covered bill. What is Owen's coinsurance payment?

Which auto insurance coverage helps pay for injury or property damage a driver causes to others?

A driver hits a tree and damages the driver's own car. Is collision or comprehensive coverage the relevant coverage type?

Which insurance policy is designed to protect a tenant's personal belongings and personal liability, but not the building itself?

A home is worth $200,000 and the remaining mortgage balance is $150,000. How much equity does the owner have?

What is the decrease in an asset's value over time from age, use, or wear?

What account may a mortgage servicer use to hold money for property taxes and homeowners insurance?

What term means the amount a student and family actually need to pay for college after grants and scholarships reduce the published price?

A college's sticker price is $20,000. A student receives $5,000 in grants and $3,000 in scholarships. What is the student's net price?

Which federal student loan type generally has interest paid by the government while an eligible student is in school?

What term describes lending that uses unfair, deceptive, or abusive practices that harm borrowers?

Which federal law gives people the right to see the files that Equifax, Experian, and TransUnion keep on them and to dispute errors in those files?

Taylor finds an account on a credit report that does not belong to Taylor. What is the appropriate action?

Which federal agency was created by the Dodd-Frank Act of 2010 to protect people who use financial products and take their complaints about mortgages, credit cards, and bank accounts?

Which law requires creditors to disclose important terms such as the APR and finance charge before a borrower signs?

Which 2009 law limits rate increases on existing balances and requires issuers to give 45 days' notice before major changes to account terms?

A 12-ounce package costs $6, while an 8-ounce package costs $4.80. Which package has the lower unit price?

Which law limits when and how a company hired to recover an unpaid bill may contact a person, and bans threats and lies about the amount owed?

Which law prohibits creditors from discriminating against applicants on protected bases such as race, religion, sex, or marital status?