Tomas grosses $2,400 monthly. Federal withholding is $210, Social Security is $149, Medicare is $35, and health insurance is $80. What is his monthly net pay?

What information does an employee generally provide on Form W-4?

A worker receives a Form W-2 in January. What does the form report?

What is Form 1040 used for?

A pay stub lists Social Security withholding of $74.40 and Medicare withholding of $17.40. How much FICA tax was withheld from that paycheck?

A taxpayer has $15,000 of taxable income. The first $10,000 is taxed at 10%, and the next $10,000 is taxed at 12%. How much federal income tax is owed under these brackets?

A student's federal tax withholding for the year was $700, and the completed return shows $620 in tax owed. What refund should the student expect?

Luis keeps at least $600 in checking and uses mobile deposit. Account A has no monthly fee with a $500 balance and includes mobile deposit; Account B charges $4 monthly and has no mobile deposit. Which account fits him better?

A check register shows $700. The bank statement shows $760, with a $30 deposit in transit and a $90 outstanding check. What is the reconciled balance?

Kiara's take-home pay is $2,100 monthly. Rent is $950, car payment $240, groceries $350, phone $60, and savings $200. How much remains for everything else?

A $2,000 monthly budget includes rent $900, food $400, car payment $300, dining out $250, and savings $250. Which change balances the budget while keeping the savings contribution?

Essential monthly expenses are rent $900, food $300, transportation $200, and utilities $100. What emergency fund covers three months of these essentials?

An emergency fund must be available quickly without losing value. A savings account pays 3%, a 5-year CD pays 4% but charges an early-withdrawal penalty, and a stock index fund may earn more but can drop in value. Which fits best?

Jada owns $2,000 in checking, a car worth $8,000, and $10,000 in retirement savings. She owes $1,000 on a card and $7,000 on a loan. What is her net worth?

A checking account has $25 available, and its debit card has no overdraft coverage. What is most likely when the account holder tries to buy a $40 item?

Nia uses a credit card with an $800 balance and can borrow again as she repays it. What type of credit is this?

A borrower pledges a vehicle that a lender can take if the borrower defaults. What type of loan is this?

A credit card has a $3,000 limit and a $900 balance. What is the cardholder's credit utilization rate?

Which behavior is most likely to strengthen a credit score over time?

Sean owes $3,000 on a card at 18% APR and pays only the interest for one year. How much interest does he pay, and what balance remains?

Both loans borrow $10,000. Offer A has a 5% rate and total payments of $10,790; Offer B has a 6% rate and total payments of $10,650. Which loan costs less overall?

A $12,000 car loan has a 6% APR, so this month's interest is $60. If the monthly payment is $365, how much of that payment reduces principal?

What is the usual result of repeatedly making only the minimum payment on a credit-card balance?

A borrower can refinance an $8,000 balance. Lender X requires total new payments of $8,480 with no fee. Lender Y requires $8,350 in payments plus a $300 origination fee. Which costs less?

Devon deposits $500 at 4% simple interest for three years. How much interest will the account earn?

Ava deposits $1,000 at 10% interest compounded annually. What is the balance after two years?

Ana and Ben each invest $1,000 at 5% compounded annually. Ana invests for 10 years, while Ben invests for 1 year. Why will Ana's balance be much larger?

Noah owns only technology stocks and wants to reduce company-specific risk while retaining stock-market exposure. What is the strongest choice?

Which investment represents lending money to an issuer rather than owning part of it?

An employer matches half of an employee's retirement contribution up to 6% of pay. Why should the employee generally contribute at least 6% if affordable?

What is the FAFSA primarily used for?

Both aid packages cover a $6,000 gap. A has a $2,000 grant and $4,000 subsidized loan; B has a $2,000 scholarship and $4,000 unsubsidized loan. Which has lower interest cost while enrolled at least half-time?

Two auto policies have identical coverage. Plan A has a $600 annual premium and $500 deductible; Plan B has a $900 annual premium and $100 deductible. After one covered $1,500 repair, which costs less that year?

Which action is an example of transferring financial risk?

A driver damages another person's parked car and is legally responsible. Which auto coverage is designed to help pay for the other person's damage?

A car has a $20,000 price, a $4,000 down payment, loan payments totaling $17,200, and $600 in fees. Excluding fuel and maintenance, what is the total cash cost to buy it?

For the coming year, renting costs $18,000. Buying requires $12,000 in mortgage payments, $4,000 in taxes and insurance, and $3,000 in repairs. Which option requires less cash this year?

A text says a package cannot be delivered until Mia enters her card number for a $2 fee through a link. What should she do?

A student finds an unfamiliar credit account on a credit report. What is the best immediate response?

A lender advertises a low monthly payment but the borrower wants to compare the cost of credit across offers. Which Truth in Lending disclosure is most useful?